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Asian Journal of Research in Business Economics and Management
Year : 2018, Volume : 8, Issue : 4
First page : ( 78) Last page : ( 94)
Online ISSN : 2249-7307.
Article DOI : 10.5958/2249-7307.2018.00039.7

Study of Factors affecting Entrepreneurial Inclination among University Students

Dr. Pandya Viral M*

*Associate Professor of Management, Gujarat National Law University, India. viralmpandya4@gmail.com

Online published on 11 April, 2018.

Abstract

Presently, in India, more than half of the population is in the age group of 15 to 59, known as the economically active age group. It is projected that every year around 6 to 8 million youth will enter the labour force each year for coming ten years. However, on the supply side, there are not these many jobs being created. This indicates that there is a pressing need to effectively implement the system which can absorb the youth in profession. Promoting entrepreneurship in society is one well accepted mechanism to generate employment which has potential to cater to the said problem. However, there are various factors which affect the inclination towards self-employment. Study of these factors will help to understand the perspective of youth towards entrepreneurship. The research study presented here has identified various demographic and non-demographic factors affecting youth towards entrepreneurship. The empirical study has been undertaken focusing on the undergraduate students with sample size of 108 selected mainly from Ahmedabad and Gandhinagar as both the districts are having many institutes offering education in different streams. The research finding has revealed that factors like age, gender, family income, entrepreneurship course etc. do not influence undergraduate students to opt for entrepreneurship. However, the factors like association with entrepreneurship related activities at university level, parents‟ encouragement and role models from business community are significant in motivating the students towards starting their own business. Based on the findings of the present study and learning lessons from other countries, the author provides recommendations for universities and policy makers to boost the spirit of entrepreneurship among youth.

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Keywords

Youth, Entrepreneurship, Demographic & Non-demographic characteristics, Universities, Policy makers.

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