Advancing the entrepreneurship ecosystem of India: A qualitative study with Chevening Fellows

  • Published: 26 December 2023

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research paper on youth entrepreneurship in india

  • Kamal Gulati 1 ,
  • Amrik Sohal 2 ,
  • Tharaka de Vass 2 &
  • Nrupal Das 3  

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Using social cognitive theory as a guide, this research seeks to explain the perceptions of current and aspiring Indian entrepreneurs. A multiple case study approach using 19 interviews with intellectuals provided qualitative data to conduct a cross-case analysis of the two groups with the qualitative analysis software NVivo. Rare insights from current and aspiring opportunity-motivated entrepreneurial Chevening Fellowships from a predominantly necessity-motivated context offer valuable insights into entrepreneurship in India. The findings reveal what entrepreneurship means to established entrepreneurs, their motivation for embarking on the entrepreneurial journey, the skills they require to be successful, the challenges they face and their strategies to sustain are mostly different to what aspiring entrepreneurs believe how it would be. Compiled recommendations may help strengthen the entrepreneurial ecosystem, particularly in developing economy contexts, to help improve the 10% startup success rate.

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Authors gratefully acknowledge the support of Chevening fellows who consented to participate in this study, Chevening Secretariat, Foreign Commonwealth & Development Office, Prof. Richard Briant, University of Oxford, Prof. John Hoffmaire, Chairman, Oxford Pharmaceuticals, Ms. Sarah Fallon, Regional Director, Science and Innovation, British High Commission New Delhi, Ms. Supriya Chawla, Head Chevening Scholarships India for their support.

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Centralized Core Research Facility, All India Institute of Medical Sciences, New Delhi, India

Kamal Gulati

Department of Management, Monash Business School, Monash University, Melbourne, Australia

Amrik Sohal & Tharaka de Vass

Paysafe, Jacksonville, FL, USA

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Gulati, K., Sohal, A., de Vass, T. et al. Advancing the entrepreneurship ecosystem of India: A qualitative study with Chevening Fellows. Asia Pac J Manag (2023).

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The growth of entrepreneurship leads to a positive economic growth. The youth of India are promoted through the environmental factors which shows rise in entrepreneurial spirit among youth. This research paper of our dissertation includes the environmental factors affecting the growth of entrepreneurship and interpretation of all the major psychological characteristics which lead to rise in growth of entrepreneurship in India. As per our interpretation of questionnaire which includes major psychological characteristics i.e. need for power, need for achievement, risk taking ability, strong will power and occupational background.  Problem: How psychological factor affecting the growth of entrepreneurship of youth of India.

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