Contemporary Insights and Future Outlook of Entrepreneurship Education and Training In India

Abstract

This paper is designed as a review article that aims to evaluate the role of entrepreneurship education and training in promoting entrepreneurship among budding generations and its prospect in India. The study is built upon existing literature on entrepreneurship education, entrepreneurial training, and entrepreneurship-driven economic development that promotes inclusive growth. Because entrepreneurship education and training act as a catalyst of attitudinal change among youth that needs to be streamlined for the sustainable economic development of the nation. Entrepreneurship education and training refine the entrepreneurial potential of students leading them to take up an entrepreneurial career(Badri & Hachicha, 2019). Both central and state governments have taken initiatives for integrating entrepreneurship into the higher education system for developing an entrepreneurial culture and bringing out a congenial ecosystem for promoting innovation, start-ups, and entrepreneurship among youngers in the country as a tool to fight against unemployment.   However, a vast majority of youths with latent entrepreneurial potential are passing out of higher education institutions without basic entrepreneurial skills (Mukesh et al., 2018). Therefore, the outcome of this study emphasizes the increasing need for extensive but rather rigorous entrepreneurship education and training in universities and higher education institutions as sustainable means of employment generation and socio-economic development. The conceptual framework explains the attributes of entrepreneurship education and training and its hypothetical relationships.