Intrinsics in Entrepreneurship Ecosystem in Higher Educational Institutions in India

Entrepreneurship development has got tremendous importance throughout the globe as it has high level influence on the healthy economic growth of individuals as well as their domicile country. India already has produced significant number of globally renowned entrepreneurs with different goals and proven outcomes. Now, India is focusing more at scaling up for better ecosystem in strong lines to develop entrepreneurial culture to become as high economic rated country and proven to be as a model for augmented job creative ecosystem and to mentor the world as a superpower. Several important sectors were identified to achieve its vision apart from formulating most relevant initiatives to support all the personal involved to develop budding minds of entrepreneurs in this sector. Higher educational institutions (HEIs) in India are expected as very vital zones to better sensitize the younger generation with appropriate modalities to enhance the entrepreneurial culture and passionate youth towards future business leaders of India. More evidences are available that in India, the Tier I organizations are found well in promoting entrepreneurship culture by establishing several incubators, accelerators with many versatile specialized initiatives. However, the system is still need to get better upgraded and implemented in maximum number of Tier II and Tier III HEIs especially with students hailing from rural areas. The present research is an attempt to describe various possible strategies to be implemented in the specified categories of educational institutions for fruitful development of a greater number of confident future entrepreneurs whose contributions will be expecting to play significant role for Viksit Bharat @ 2047.