India is known to be the fifth-largest economy in the world, in areas of nominal GDP, according to data from the IMF& apos; s October World Economic Outlook, 2019. One of the significant writers to the economy of the country is the entrepreneurs, who were responsible relentlessly towards uplifting the figures and are endeavouring to do India a cave of a diversity of businesses by the passing day.
Their tries, coupled with the fiscal proposals and policies of the government, has already led our nation to be where it is today. Supporting the judge is a report by UK-based Centre for Economics and Business Research( CEBR ), which reflects how India is expected to become the fourth-largest economy by 2026, and the third-largest by 2034.
This shows how the country is flourishing and evolving every day, further exhibiting the role of entrepreneurship in the Indian economy. The current increment in their own economies manifests our achievements and hence pointing towards the need to nourish budding financiers by starting more programs in the field of entrepreneurship education.
New road to success
Entrepreneurship education has gained relevance over a period of time and is much needed to guide future entrepreneurs, peculiarly now more than ever.
It will help the youth of the country in developing entrepreneurial skills and knowledge, which will further benefit them in starting, organising and managing their own enterprises in coming times.
Entrepreneurship education is bound to secure the future of the country as it sharpens the skills of young future industrialists and aids them in becoming industry-ready, simply to set a new table of success and make contributions to the Indian economy.
Introducing more entrepreneurial directions will likewise cure students in strolling the road to collective growth.
Talking raw. Talking real.
Entrepreneurship serves as a backbone to the industrial increment of any country and with various initiatives like Make in India, Skill India and others, our country is amidst the entrepreneurial brandish — helping us expand our ranges to support the economy.
Entrepreneurship education and programmes will not only aid the institutions to create industry-ready entrepreneurs but likewise steer the students towards being independent while ensure their careers. Following the mantra of Atma-Nirbharta, as guided by Prime Minister Narendra Modi, entrepreneurship education will accent the need for self-dependence as well, while simultaneously gratifying to India’s economy.
Entrepreneurship education taking the lead
Entrepreneurship education is one of the most important tools contributing to the present and future of entrepreneurship and therefore, the Indian economy as well. Fostering job creation and encouraging innovation, the entrepreneurship programmes could serve as a great resort to skyrocket overall business jeopardizes to tide profits in the respective field.
The entrepreneurial programs should ideally consist of tiny batches of students, to let them sip the spirit of entrepreneurship effectively. The programme should further constitute formula-based incentives for performing jobs in place for all the stakeholders of educational institutions, the establishment of common facilities, important resources for businesses, and experienced faculty members to mentor young entrepreneurs.
Teaching entrepreneurship inside-out
Furthermore, school curricula of the program teaching young thoughts about entrepreneurship must focus on experiential hear. Harmonizing to each of these reports, a culture of experiential study will furnish students an opportunity to be mentored by the best in the industry and learn from the professional world.
Thus contributing experiential approach of schooling to help with their managerial expedition. Helping students interact with practising entrepreneurs and professionals in the sector coupled with focussing on project reports, lawsuit studies, guest lectures, and the title steering will drive their warmth and aid them in becoming a successful entrepreneur.
The faculty is required to lay emphasis on marketing and innovative aspects of entrepreneurship to move skilled, industry-ready entrepreneurs.
Some of such reports and resulting experts of the entrepreneurial world have also saw how financiers are not definitely tolerate but “couldve been” nourished and developed through training as well; further suggesting the introduction of entrepreneurship in school education.
Making India globally competitive
Another element bolstering budding entrepreneurs confidence and honing their skills would be to introduce them to a different approach and supplying them with more showing. Allying with different countries and forming school associations to help students learn better will not only boost the feeling of entrepreneurship in the country but likewise threw us on a delineate, being globally competitive as we step the direction ahead.
Liasoning with industrial agencies of the government and forming obediences/ starting companionship curricula with respect to entrepreneurship will help in notching up the game and further fuelling India’s economy.
Entrepreneurship education has been gaining friction by every overtaking daylight and seeing the light-headed of the hour as it takes necessary measures to guide future inventors and contribute to the country’s financial status and numbers.
It has an important role to play as it encourages and supports Prime Minister Narendra Modi& apos; s eyesight of the citizens being Atma-Nirbhar while simultaneously transforming the face of India’s economy.
( Edited by Saheli Sen Gupta)
( Disclaimer: The views and opinions expressed in this article are those of the author and shall not be obliged to show the views of YourStory .)
Want to establish your startup jaunt smooth? YS Education imparts a exhaustive Fund and Startup Course. Learn from India& apos; s exceed investors and industrialists. Click here to know more.
Read more: yourstory.com
Recent Comments