Innovative Youth Driving the Nations Growth-

Role of young Entrepreneur in India

India's Demography

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• More than 50% population - Below 25

• More than 65% population - Below 35

• India Produce 20 million Graduates / year

• One out of three young graduated is unemployed in India

• Unemployed Graduates (Rural) is 36.6% and (Urban) is 26.5%

• By 2020 average age of an Indian will be 29 years

Source: census Report; Labour Ministry

India is Different

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Source: 2014 report of "Population Reference

Bureau" - orb.org

Under 35 yrs

Under 35 yrs

Under 35 yrs

Above 35 yrs

Above 35 yrs

Above 35 yrs

What India Needs most?Entrepreneurs - person with Vision A Person who organises and manages a business undertaking assuming all the risks for the sake of profits. "A person who bears the risk of operating an enterprise in the face of uncertainties related to future events."

- David McClelland

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How can we deliver National Growth

By:

Training the Youth (EDP) Creating Employment Opportunities

Government Assistance Idea of Self Employment

In a nutshell, by promoting Entrepreneurs

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Develop Intellectual Capital

of India.

India's largest book retailers

Employs : 4500+

Daily Sales : 2.5 crore

Innovative Youth - Driving Growth

Flipkart, - e-commerce company - By Sachin and Binny Bansal.

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Innovative Youth - Driving Growth

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- Kolkata-based iKure Techsoft - Built a network of rural health centres - Doctors are available through the week. - Also built back-end software platform to store health records.

Sujay Santra, 31

Innovative Youth - Driving Growth

Ajaita Shah, 29

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How Entrepreneurship help India?

- Generation of employment - Self employment - job creator than job seeker - Mobilisation of resources and skills - Government tax and revenue increase - Overall Economic development

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Role of Young Entrepreneur

• Valuing Young Talent - mobilising best talent

• Experimenting with New Technology

• Training their Workforce - for their overall development

• Inculcation Ethical values in workforce

• R&D, Innovation, Exports - to the world

• Helping nation in Fighting Unemployment

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Entrepreneurial Motivation

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Motivating Factors

Compelling Factors

Facilitating Factors

Educational Backgroud Unemployment Govt assistance

Occupational Experience Dissatisfaction with

present jobSuccess stories of

enterpreneurs

Desire to work independently

Utilisation of technical or professional skills

Advice / influence of family

Assistance from govt and financial institution Make use of ideal funds Property inherited

Advantages of being Young Entrepreneur

• More Freedom.

• Open Mindedness

• More Publicity

• More Tech savvy

• Ability to cope up failures

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Model to Create Entrepreneurs

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Inculcate Idea in School

Support Vision (Financially + Psychologically)

Polish the Gem

Add Fuel to Fire

Parents Teachers Mentors

Govt & Financial

Institutions

Practical & Financial Guidance

Provide Platform Encourage

An is Born

SWOT for Entrepreneurs

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• Young Population • Political Vision of

Current Government • Excess idle Capacity

• Hectic Startup Process

• Theoretical System of Education

• Corruption

• Low Labour Cost • High Business

outsourcing by western world

• Political Instability

• Vendetta based politics

• Cognitive policy change

Conclusion

Young Entrepreneurs are the saviours on our nation.

The demographic characteristics of our country are best suited for the emergence of young Entrepreneurs and business.

Unemployment, which is the root cause of many social evils, can only be curbed by inducing our youth to take up entrepreneurship

as a profession.

India Needs Young Entrepreneurs !!!

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***Thank You*** A presentation by:

Abhitanjay Chaudhary

Owais Ashraf

Amity Business School

Q & A