Psychological Factors Affecting Entrepreneurship – An Empirical Study

Abstract

India is the fourth largest economy and one of the most exciting emerging markets in the world. ‘Economics of Knowledge’ would be the greatest Indian strength, which if exploited properly, could make India into one of the world’s three biggest economies by 2050. India has the second largest population in the world and its human capital is the most critical input in creation and exploitation of entrepreneurial opportunities. Its high quality technical institutions across the country have been producing huge number of engineers, scientists, managers and skilled personnel with competitive edge in the global markets. The critical input that would play a pivotal role in taking Indian Economy to still greater heights in the global markets would be the entrepreneurial mindset of its human resources. Hence the study has made an attempt to measure the entrepreneurial skills among the engineering students.