The NKC report suggested that vocational education and training needs to be completely overhauled and institutions need to be modernised and reformed.
NEW DELHI: Entrepreneurship in India is heavily plagued by skill shortage. Nearly one in two entrepreneurs find it ‘very difficult’ to get candidates with the right skills and more than a third of entrepreneurs faced problems in accessing and retaining employees, found a study conducted by the National Knowledge Commission (NKC).
The study — Entrepreneurship in India — submitted to the prime minister and human resource development ministry last week explored factors that have advanced entrepreneurship in India and those that could encourage and facilitate greater growth.
The NKC has recommended setting up of specialised entrepreneurship schools at the undergraduate and post-graduate levels and entrepreneurship be made a core subject in business schools to improve the pool of skilled people.
The NKC report suggested that vocational education and training needs to be completely overhauled and institutions need to be modernised and reformed.
Performance-based training and assessment, re-branding, certification, encouraging learning-by-doing, incentivising English speaking skills, ensuring flexibility of vocational training alongside the higher education stream for easier crossover and choice, should be emphasised.
Entrepreneurs from Ahmedabad, Pune, Bangalore, Chennai, Hyderabad and Kolkata were interviewed during the course of study. It was found that the primary reason for youngsters taking up entrepreneurship was the freedom to do ‘one’s own thing’.
Moreover, market opportunity, family background, new ideas and challenges as additional motivating factors have shown a steady rise over the last two decades.
Of the entrepreneurs interviewed, 99.4% said they chose it as they did not want to be in a routine job; 74% received family support, underscoring its crucial significance; 95% believed education was a critical success factor and a key trigger to evoke entrepreneurial inclinations.
While 98% of the entrepreneurs were graduates, only 16% chose a specific sector as a result of their educational background.
p_vineeta@dnaindia.net
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