Entrepreneurship as a Source of Employment to Youth in India and the Role of Government and Educational Institutions in Shaping the Entrepreneurial Mindset
Year: 2024
Type: article
Abstract: Despite 77 years of independence, India continues to grapple with the issue of unemployment that continues to challenge the economic landscape of India.As one of the world's most populous nations with a diverse workforce, fluctuations in the unemployment rate have far-reaching implications for the country's growth and development.The research paper mainly a significant contributing factor to this challenge is the prevailing mindset among educated individuals, who primarily prioritize securing employment rather than pursuing entrepreneurial ventures.The study looks into how the government and educational institutions influence young people's attitudes toward entrepreneurship.Entrepreneurship serves as a mainspring for driving economic prosperity within a nation, fostering job creation, industrialization and rural development, sustaining national income, advancing technological innovation, and facilitating export growth, among other benefits.In this context, it is imperative to instil entrepreneurial skills from a young age, with educational institutions playing a pivotal role.It is imperative for the government to introduce diverse initiatives aimed at encouraging educational institutions and students to prioritize entrepreneurship over seeking employment opportunities.To mitigate the issue of unemployment in India, educational institutions should emphasize entrepreneurship over job seeking as a priority for students.
Authors: K. Anand, K.S.V.G.K. Murthy
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4401727836