A Study of Entrepreneurial Orientation & Inclination for Entrepreneurial Carrier of Management Students in India: An Empirical Analysis

Abstract

Since the last decade of twentieth century India has strived for an experienced and unprecedented economic turn-around. The country has witnessed a structural shift in GDP Growth, propelled largely by new investments and the growth of the value enhancing services sector. Now, the Indian Economy is the fourth largest economy in the world and is going to be a dominant force in the new world order in the coming years. With the rest of the world looking up at India and China mainly because of low-cost manufacturing in services, countless business opportunities have opened up in this respect in both the countries. Entrepreneurship seems to be a viable mode for the economic development in a country like India which is still a developing economy. With entrepreneurship assuming greater significance in the current economic scenario, the paper aims at studying the orientation and inclination of NCR Delhi based final year management students towards entrepreneurship and make suggestions for fostering entrepreneurship among management students in India. This paper is based on a descriptive study on entrepreneurship orientation conducted amongst the management students across the National Capital Region of Delhi. This study throws light on the entrepreneurship initiatives among management students in NCR, Delhi, the area which witnessed a phenomenal increase in the number of B-Schools in the recent years. The study not only helps in understanding the preferences and aspirations of management students regarding entrepreneurship but also describes the different factors favoring and hindering entrepreneurship. The present study reveals some interesting trends regarding entrepreneurship which are somewhat different from the available body of knowledge regarding entrepreneurship climate in the country. The findings of the study will help the Management Institutes, Central Government and others agencies concerned in formulating policies and strategies to further boost the change in trend seen among the students and at the same time will help the coming generations in making India a critical force in the global economy.