Framework for Creating Mass Entrepreneurial Intention in India

Abstract

India's population (1.42 billion) surpassed the population of mainland China in April 2023, and it is certain to continue to grow for several decades. India's current job creation rate is not enough as the country adds 15 million fresh graduates every year to its labor force. Mass entrepreneurship can only create employment opportunities for unemployed youth, increase per capita income, a higher standard of living, revenue to the government in the form of taxes, and balanced regional development. Mass entrepreneurship entrepreneurial ecosystem integrating entrepreneurs, the government, private sector companies, venture capitalists, non-government organizations, such as entrepreneurs' associations, business incubators, and academia working in collaborative mode can unshackle the untapped spirit of mass entrepreneurship that will shape the future of India.