Future Directions for Entrepreneurship Education in Indian Universities

Entrepreneurship has a positive impact on economic growth of a country and its GDP. In being linked to innovation the academic institutions encourage it, in being linked to growth and employment creation the governments encourage it, but what remains a pertinent question is how effective is entrepreneurship education in India, what are its paradigms and what is needed to make it worthwhile and effective. Recognising that entrepreneurship in an innate talent but can also be motivated in the process of imparting education at the higher education levels both at the undergraduate and the post graduate levels. In a developing country like India, entrepreneurship can solve the problem of employment and related problems to being unemployed if 10% of students could be motivated to undertake entrepreneurial ventures. Interestingly the business environment in India is getting favourable to boost entrepreneurship and this is one big facilitator to get attracted towards being entrepreneurs. being one's own boss and reaping the fruits of one's own efforts completely is a welcome proposition by youngsters today. The core paper of entrepreneurship taught at undergraduate and post graduate level in business management courses in Indian universities is in need of refinement in teaching pedagogy to be able to foster and incubate entrepreneurship among youth and enliven the Make in India dream of our current prime minster Shri, Narendra Modi besides taking the nation on the path of economic development with these young entrepreneurs taking charge. This paper identifies the lacuna and shortcomings based on extensive in depth interview of teachers in higher education engaged in teaching entrepreneurship and identifies a roadmap that could be taken to refine teaching pedagogy to make this subject inspiring and encouraging. Findings of this sort of studies can be very helpful to policy makers of these countries in academy, industry and government for designing effective courses on entrepreneurship for economic growth and employment in the country.