Antecedents of Entrepreneurship as a career choice for students in India

Abstract

In recent years, the world economy has seen its fair share of difficulties. With active hostilities worldwide, including drug wars, terrorist insurgencies, ethnic disputes, and civil wars, there is a dire need for the influx of more income generating business to help economies stay afloat. Startups made for about $140 billion of India's GDP in FY23. By 2030, this contribution is expected to total $1 trillion. (business-standard.com, 2024)

Approximately 83% of Indian youngsters want to start their own business, indicating that the country's youth are also interested in pursuing this career path. (Tharran, 2024). An increase in business owners may result in more jobs being created, more consumer spending, and higher tax receipts which results in economic diversification (www.forbesindia.com, 2023) (www.studyiq.com, 2023). This article examines the role of entrepreneurial education, or conducive programs in shaping the entrepreneurial mindset of students in India. The study confirmed that entrepreneurship education can influence entrepreneurial self-efficacy, entrepreneurial interests and entrepreneurial mindset in making entrepreneurship as a choice of career goal. The study shall help the course providers strategize their pedagogy or facilitators to provide a more conducive environment for the students, thus creating Entrepreneurs to foster economic growth.