In our globalized and fast-changing world, all countries are falling at risk of big economic and social challenges. As one of the rapidly growing emerging powers, India is also significantly affected by those challenges, which cause divides and inequalities. What are they? How is India striving to tackle them? How the entrepreneurial mindset becomes the only way to overcome the challenges of the future and develop the competencies, which are essential nowadays? How important is leadership for an entrepreneurial mindset. What is ethical and altruistic leadership? Why is it essential for reducing universal inequity?