29 November, 2020

Pep Up Entrepreneurs

Indian B-schools must have students infused with a ‘launch business’ spirit

Illustration by Sajith Kumar
Pep Up Entrepreneurs
outlookindia.com
2017-09-23T10:44:49+05:30

Economic liberalisation in 1991 triggered a spurt of entrepreneurial activities in the country, once it was freed from the shackles of the licence-quota raj. It became easier to raise capital through the stock­markets and there was an influx of investment from venture capitalists. The rise of the services sector and the internet meant that people could start businesses with lower capital and reach the customers more easily.

Institutions of higher education, particularly the business schools, became a breeding ground for entrepreneurs. There was a lot of buzz regarding business creation, yet very few bec­ame entrepreneurs. Among them, many did so if they could not find a job that matched their education, skill and experience. Only a few campuses made serious efforts to promote entrepreneurship as an alternative to well-paying jobs.

Today, the government’s Startup India progra­mme has rene­wed interest in entrepreneurship. Alongside, there are Skill India and Pradhanmantri Mudra Yojana, giving tax incentives. According to the Randstad Workmonitor...

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