Current Scenario of Youth Entrepreneurship in India

Abstract

Entrepreneurship is gaining added attention in the present economic predicament. Entrepreneurship is not only a key facet of economic dynamism but also an imperative for economic growth, productivity, innovation, and employment. Hence, many countries have made entrepreneurship, especially youth entrepreneurship, an explicit policy priority. As globalization reshapes the international economic landscape and technological change creates greater uncertainty in the world economy, youth entrepreneurship is believed to offer new ways to meet economic, social, and environmental challenges. Entrepreneurship objectives and policies differ among countries due to diverse perspectives and policy needs. Yet, youth unemployment is a cause of concern for many. Through grounded theory approach and based on review of policy documents and secondary data, the chapter aims to provide contemporary perspective on youth entrepreneurship with reference to India and hopes to enhance and bring improvement in the policies as, ultimately, policymaking must be guided, as far as possible, by evidence and facts.