Promoting Youth Entrepreneurship in India: Perceptions and Suggestions

Entrepreneurship is the key driver of the country’s economy. It is one of the best means for triggering economic and social development in developing countries like India. It provides employment to huge mass of people and also creates wealth for nation. India is the nation known for its youth population which is considered as its greatest asset, and at the same time, the biggest threat is youth unemployment. Hence, developing entrepreneurial skills among youth is more important for the growth of Indian economy. But surprisingly, youth is attracted less towards entrepreneurship as compared to other professions. This paper focuses on analyzing the entrepreneurial traits in youth and the socioeconomic factors influencing youth entrepreneurship. The paper helps in finding ways for promoting youth entrepreneurship and boosting the growth of the Indian economy as well. The research concludes that the potential of Indian youth is huge which should be properly harnessed and they should be properly channeled to be involved in entrepreneurship with ample support and encouragement from the family, society, government and educational institutions.