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Entrepreneurship Education in India: Trend and Factors Assessment Survey, 2011
Indagatio Research, June 2011, Pages: 73
“Entrepreneurship Education in India” report analyses the growing market for Entrepreneurship education in the country and assess some of the key factors that are influencing growth and strategies and good practices that industry has to follow in order to have a world class entrepreneurial education system.
This report uses primary and secondary research to estimate the current market sizing, segmentation and market forecast. Surveys and interviews have been conducted to evaluate growth drivers and growth barriers.
Report further analyses future opportunity areas and organizations that are active in India’s Entrepreneurship education landscape.
Key Report Takeaways:
- Liberalization and opening up of Indian economy in the1990s pushed entrepreneurship in the country with removal of barriers to start business, easy availability of finance and setting up of institutions for the development of entrepreneurial talent.
- Entrepreneurship education is still at nascent stage in India, with only 44,500 students enrolled for entrepreneurship programs, and this number is expected to grow at a CAGR of 20.4% to reach 54,700 by 2012.
- Revenues from Entrepreneurship education programs reached INR7.9 billion in 2010 and are estimated to grow at a CAGR of 13.7% to INR10.7 billion by 2012.
- In 2010, there were some 1,500 students getting Entrepreneurship education from the institutions that are solely into Entrepreneurship education, while 4,700 students had enrolled to entrepreneurship programs at various business schools and institutions across India.
- Aspiration to do well and independently achieve success has emerged as the top reason driving the growth of entrepreneurship programs, followed by inspiration from Indian and foreign innovators, liberalization and favorable business environment and unemployment.
- Unawareness about the advantages of entrepreneurship education, shortage of quality educators and absence of quality content, have been some of the hindrances for future growth of the market.
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