Youth Entrepreneurship in India

Abstract

Governments and local communities globally have recognized that key to building prosperity and stimulating regional growth is fostering entrepreneurship - mainly youth entrepreneurship. India is no exception, with so many educated yet unemployed youth; continuous policies are being drawn and attempts made for promoting youth entrepreneurship. Unemployment for educated youth has become particularly acute since the education explosion in early 2000's. Though the promotion of entrepreneurship as a possible source of job creation, empowerment and resources dynamism has attracted increasing policy and scholarly attention, yet there is no systematic attempt to look at it from a youth angle. This has resulted in lack of an adequate understanding of the potential benefits of youth entrepreneurship (YE). Through grounded research and in-depth analysis, the aim of this chapter is to stimulate policy debate, portray the outlook and understand the obstacle for youth entrepreneurship in India. Attempt is also made to suggest strategies that can be initiated for enhancing youth entrepreneurship.