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Synopsis Economics history is witness that entrepreneurship development plays a primum mobile role in industrial and economics development of an economy. It is said that an economy is the effect for which entrepreneurship is the cause. Hence, increasing emphasis has been given to entrepreneurship development all over the world including India.

No doubt, over the past half-century, there has been prodigious volume of research resulting in various models and / or theories of entrepreneurship development. However, entrepreneurship as a relatively young field is rife with controversy, breakthroughs, and multiple paradigms. Nonetheless, the significance of practical experience gained in a particular context to the existing knowledge and new learning can be, by no account, contested on mainly two counts. One, proceeding from the general to the particular is more often than not, perilous because authenticating the particular from the general that too based on secondary sources may not fit in a particular context. Two, secondary sources often offer contestable interpretations and alternative views. This is because the problems and prospects of development in any respect are, to a great extent, context specific. Therefore, the context-specific actual experiences in relation to theory assume relevance and significance in search of new learning and understanding of the phenomenon of entrepreneurship. The present study makes a modest attempt to knead the entrepreneurial perspective and practice for better understanding of the phenomenon of entrepreneurship.