Students’ Perspectives on Entrepreneurship and Its Intention in India
Abstract
:1. Introduction
2. Materials and Methods
2.1. Data Sampling
2.2. Survey
2.3. Statistical Analysis
2.3.1. Rank-Based Quotient
2.3.2. Logistic Regression Analysis
3. Results
3.1. Age, Gender, and Background Information of Students
3.2. Educational Course and Year of the Study
3.3. Father’s Occupation and Income Status
3.4. No. of Family Relatives in Entrepreneurship and Their Background
3.5. Interest of Students in Becoming an Entrepreneur
3.6. Motivational Factors and Hurdles to Becoming An Entrepreneur
3.7. Hard and Soft Skill Requirements for Becoming an Entrepreneur
3.8. Area of Interest in Entrepreneurship
3.9. Awareness of Government Schemes among Rural and Urban Students
3.10. Exposure to Entrepreneurship among Rural and Urban Students
3.11. Variables Influencing Entrepreneurship
3.12. Development of Students’ Career Opportunities with CDC Activity
4. Discussion
5. Implications of the Study
6. Conclusions
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
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Variable Name | Response Value |
---|---|
Dependent variable (Y) | |
Interested in entrepreneurship | Yes = 1/No = 0 |
Independent variables (Xi) | |
Gender | Male = 1/Female = 0 |
Background | Rural = 1/Urban = 0 |
Course Enrolled | Graduation = 1/ Post-graduation = 0 |
Father’s occupation | Entrepreneurship = 1/ Others = 0 |
Attended short entrepreneur course | Yes = 1/No = 0 |
Visited incubation center | Yes = 1/No = 0 |
Attended entrepreneurship-related programme | Yes = 1/No = 0 |
Read any stories of successful entrepreneurs | Yes = 1/No = 0 |
Interacted with any entrepreneur | Yes = 1/No = 0 |
Variable | Category | Frequency | Percentage |
---|---|---|---|
Gender | Male | 767 | 42.68 |
Female | 1030 | 57.32 | |
Background | Rural | 1195 | 66.50 |
Urban | 602 | 33.50 | |
Course | Graduate | 1740 | 96.83 |
Postgraduate | 57 | 3.17 | |
Father’s Occupation | Corporate | 73 | 4.06 |
Entrepreneurship | 122 | 6.79 | |
Farming | 867 | 48.25 | |
Government | 589 | 32.78 | |
Others | 146 | 8.12 | |
Age (Mean and SD) | - | 21.42 (±1.47) |
Father’s Occupation | Annual Income | |||||
---|---|---|---|---|---|---|
<USD 2503 | USD 2503–6257 | USD 6257–12,515 | >USD 12,515 | Total | % | |
Corporate | 28 | 28 | 13 | 4 | 73 | 4.1 |
Entrepreneurship | 53 | 46 | 19 | 4 | 122 | 6.8 |
Farming | 740 | 112 | 12 | 3 | 867 | 48.2 |
Government | 82 | 223 | 216 | 68 | 589 | 32.8 |
Others | 98 | 33 | 9 | 6 | 146 | 8.1 |
Total | 1001 | 442 | 269 | 85 | ||
% | 55.7 | 24.6 | 15.0 | 4.7 |
Interested in Entrepreneurship | Rural | Urban | Total | Chi-Square (X2) | p | ||
---|---|---|---|---|---|---|---|
No | 248 | 145 | 393 | 2.4117 | 0.120 | ||
Yes | 947 | 457 | 1404 | ||||
Year of Study | N | Interested in entrepreneurship? | Proportion | Binomial test [p-value] | |||
No | Yes | ||||||
1 | 47 | 28 | 19 | 0.404 | 0.243 | ||
2 | 111 | 41 | 70 | 0.631 | 0.007 | ||
3 | 342 | 50 | 292 | 0.854 | <0.001 | ||
4 | 1123 | 221 | 902 | 0.803 | <0.001 | ||
5 | 37 | 10 | 27 | 0.730 | 0.007 | ||
6+ | 22 | 3 | 19 | 0.864 | <0.001 |
(a) Rank your interest in the jobs | Job | Overall | Urban | Rural | |||
RBQ | Rank | RBQ | Rank | RBQ | Rank | ||
Government | 2208.66 | 1 | 2189.08 | 1 | 2218.51 | 1 | |
Corporate | 1249.72 | 4 | 1331.09 | 4 | 1208.79 | 4 | |
Farming | 1089.15 | 5 | 977.31 | 5 | 1145.39 | 5 | |
Entrepreneurship | 1619.52 | 2 | 1631.09 | 2 | 1613.69 | 2 | |
Banking | 1332.96 | 3 | 1371.43 | 3 | 1313.61 | 3 | |
(b) Rank the motivational factors for you to become an entrepreneur | Factor | Overall | Urban | Rural | |||
RBQ | Rank | RBQ | Rank | RBQ | Rank | ||
My own passion | 2611.98 | 1 | 2567.68 | 1 | 2634.38 | 1 | |
High income | 2251.10 | 3 | 2259.60 | 3 | 2246.81 | 3 | |
Challenging | 1979.76 | 5 | 1977.78 | 5 | 1980.77 | 5 | |
Family/Relatives are already doing | 1234.26 | 6 | 1134.34 | 6 | 1284.77 | 6 | |
Personal growth | 2193.44 | 4 | 2245.45 | 4 | 2167.15 | 4 | |
Independence | 2329.45 | 2 | 2415.15 | 2 | 2286.13 | 2 | |
(c) Rank the following hurdles for you to become an entrepreneur | Hurdle | Overall | Urban | Rural | |||
RBQ | Rank | RBQ | Rank | RBQ | Rank | ||
No support from family | 1775.21 | 5 | 1564.86 | 6 | 1883.23 | 5 | |
Financial constraint | 2615.62 | 1 | 2407.09 | 2 | 2720.68 | 1 | |
Uncertainty of future | 2323.60 | 2 | 2432.43 | 1 | 2268.77 | 2 | |
Fear of Success | 2084.21 | 3 | 2176.01 | 4 | 2037.96 | 3 | |
No information on processes and regulations | 2043.80 | 4 | 2179.05 | 3 | 1975.66 | 4 | |
No favourable ecosystem for doing business | 1756.20 | 6 | 1840.54 | 5 | 1713.70 | 6 | |
(d) Rank the following hard skills as per their importance for an entrepreneur | Hard Skill | Overall | Urban | Rural | |||
RBQ | Rank | RBQ | Rank | RBQ | Rank | ||
Developing Business Proposal/Plan | 1998.03 | 1 | 2047.90 | 1 | 1972.95 | 1 | |
Financial literacy | 1593.93 | 4 | 1549.58 | 4 | 1616.23 | 4 | |
Marketing skill | 1708.38 | 2 | 1749.58 | 2 | 1687.66 | 2 | |
Technical skill | 1605.17 | 3 | 1573.95 | 3 | 1620.88 | 3 | |
Others (please specify) | 594.49 | 5 | 578.99 | 5 | 602.28 | 5 |
(a) Rank the following soft skills as per their importance for an entrepreneur | Soft Skill | Overall | Urban | Rural | |||
RBQ | Rank | RBQ | Rank | RBQ | Rank | ||
Communication | 1181.37 | 1 | 1164.49 | 1 | 1189.87 | 1 | |
Leadership | 1134.90 | 2 | 1135.68 | 2 | 1134.51 | 2 | |
Teamwork | 858.59 | 3 | 881.07 | 3 | 847.26 | 3 | |
Time management | 825.14 | 4 | 818.76 | 4 | 828.35 | 4 | |
(b) Which of the following soft skills are you strong at? | Soft Skill | Overall | Urban | Rural | |||
RBQ | Rank | RBQ | Rank | RBQ | Rank | ||
Communication | 1061.64 | 1 | 1057.05 | 2 | 1059.10 | 1 | |
Leadership | 1000.34 | 3 | 965.77 | 3 | 1017.78 | 2 | |
Teamwork | 1034.33 | 2 | 1075.17 | 1 | 1013.72 | 3 | |
Time management | 906.92 | 4 | 902.01 | 4 | 909.40 | 4 | |
(c) Rank the following as per your interest | Area | Overall | Urban | Rural | |||
RBQ | Rank | RBQ | Rank | RBQ | Rank | ||
Input production | 6560.93 | 2 | 6407.47 | 2 | 6638.39 | 2 | |
Input marketing | 6330.87 | 3 | 6397.28 | 3 | 6297.34 | 4 | |
Advisory services | 6068.34 | 5 | 6268.25 | 4 | 5967.44 | 6 | |
Digital agriculture | 6872.44 | 1 | 7088.29 | 1 | 6763.50 | 1 | |
Financial services | 5648.63 | 7 | 5651.95 | 5 | 5646.96 | 7 | |
Farming | 6093.96 | 4 | 5623.09 | 6 | 6331.62 | 3 | |
Poultry | 5372.44 | 8 | 5188.46 | 8 | 5465.30 | 8 | |
Dairying | 5809.23 | 6 | 5475.38 | 7 | 5977.72 | 5 | |
Developing eLearning material for farmers | 4608.20 | 9 | 5159.59 | 9 | 4329.91 | 9 | |
Others (please specify) | 1634.97 | 10 | 1740.24 | 10 | 1581.83 | 10 |
Scheme | Awareness | Background | Chi-Square Test | |||
---|---|---|---|---|---|---|
Rural | Urban | Overall | Chi-Square (X2) | p | ||
Agriculture Skill Council of India (ASCI) | Know in Depth | 34 (2.8) | 16 (2.7) | 50 (2.8) | 12.82 ** | 0.002 |
Heard of | 377 (31.5) | 241 (40) | 618 (34.4) | |||
No | 784 (65.6) | 345 (57.3) | 1129 (62.8) | |||
Agri Clinic/Agri Business Centers (MANAGE) | Know in Depth | 140 (11.7) | 70 (11.6) | 210 (11.7) | 0.28 | 0.868 |
Heard of | 616 (51.5) | 318 (52.8) | 934 (52) | |||
No | 439 (36.7) | 214 (35.5) | 653 (36.3) | |||
Biotechnology Industry Research Assistance Council (BIRAC) | Know in Depth | 18 (1.5) | 8 (1.3) | 26 (1.4) | 6.78 * | 0.034 |
Heard of | 128 (10.7) | 90 (15) | 218 (12.1) | |||
No | 1049 (87.8) | 504 (83.7) | 1553 (86.4) | |||
The Venture Capital Assistance schemes | Know in Depth | 23 (1.9) | 15 (2.5) | 38 (2.1) | 0.84 | 0.658 |
Heard of | 260 (21.8) | 136 (22.6) | 396 (22) | |||
No | 912 (76.3) | 451 (74.9) | 1363 (75.8) | |||
Dairy Entrepreneurship Development Schemes | Know in Depth | 91 (7.6) | 28 (4.7) | 119 (6.6) | 6.13 * | 0.047 |
Heard of | 513 (42.9) | 257 (42.7) | 770 (42.8) | |||
No | 591 (49.5) | 317 (52.7) | 908 (50.5) | |||
Agri—UDAAN | Know in Depth | 54 (4.5) | 35 (5.8) | 89 (5) | 17.08 ** | <0.001 |
Heard of | 472 (39.5) | 292 (48.5) | 764 (42.5) | |||
No | 669 (56) | 275 (45.7) | 944 (52.5) | |||
ASPIRE | Know in Depth | 33 (2.8) | 31 (5.1) | 64 (3.6) | 27.33 ** | <0.001 |
Heard of | 298 (24.9) | 207 (34.4) | 505 (28.1) | |||
No | 864 (72.3) | 364 (60.5) | 1228 (68.3) | |||
Startup India | Know in Depth | 167 (14) | 106 (17.6) | 273 (15.2) | 20.27 ** | <0.001 |
Heard of | 683 (57.2) | 380 (63.1) | 1063 (59.2) | |||
No | 345 (28.9) | 116 (19.3) | 461 (25.7) |
Question | Answer | Rural | Urban | Total | Chi-Square | p |
---|---|---|---|---|---|---|
Have you ever taken short entrepreneur course/courses? | No | 814 (68.1) | 409 (67.9) | 1223 (68.1) | <0.001 | 0.982 |
Yes | 381 (31.9) | 193 (32.1) | 574 (31.9) | |||
Have you visited any incubation centers? | No | 1011 (84.6) | 528 (87.7) | 1539 (85.6) | 2.892 | 0.089 |
Yes | 184 (15.4) | 74 (12.3) | 258 (14.4) | |||
Have you attended any Entrepreneurship related programmes? | No | 706 (59.1) | 315 (52.3) | 1021 (56.8) | 7.170 ** | 0.007 |
Yes | 489 (40.9) | 287 (47.7) | 776 (43.2) | |||
Have you read any success stories of entrepreneurs? | No | 444 (37.2) | 177 (29.4) | 621 (34.6) | 10.300 ** | 0.001 |
Yes | 751 (62.8) | 425 (70.6) | 1176 (65.4) | |||
Have you interacted with any entrepreneurs? | No | 553 (46.3) | 266 (44.2) | 819 (45.6) | 0.623 | 0.430 |
Yes | 642 (53.7) | 336 (55.8) | 978 (54.4) |
Variables | Estimate | OR | SE | p |
---|---|---|---|---|
Intercept | 0.226 | 1.253 | 0.371 | 0.543 |
Father’s occupation | 0.184 | 1.202 | 0.249 | 0.460 |
Gender | 0.536 | 1.709 | 0.125 | 0.000 |
Background | 0.141 | 1.151 | 0.132 | 0.287 |
Course enrolled on | −0.207 | 0.813 | 0.351 | 0.555 |
Attended short entrepreneurs course | 0.211 | 1.235 | 0.140 | 0.132 |
Visited incubation center | 0.031 | 1.031 | 0.192 | 0.872 |
Attended entrepreneurship-related programme | −0.030 | 0.970 | 0.138 | 0.827 |
Read any stories of successful entrepreneurs | 0.813 | 2.255 | 0.130 | <0.001 |
Interacted with any entrepreneurs | 0.665 | 1.944 | 0.129 | <0.001 |
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Soam, S.K.; Rathore, S.; Yashavanth, B.S.; Dhumantarao, T.R.; S., R.; Balasani, R. Students’ Perspectives on Entrepreneurship and Its Intention in India. Sustainability 2023, 15, 10488. https://doi.org/10.3390/su151310488
Soam SK, Rathore S, Yashavanth BS, Dhumantarao TR, S. R, Balasani R. Students’ Perspectives on Entrepreneurship and Its Intention in India. Sustainability. 2023; 15(13):10488. https://doi.org/10.3390/su151310488
Chicago/Turabian StyleSoam, Sudhir Kumar, Surya Rathore, Basavapatna Subbanna Yashavanth, Thammi Raju Dhumantarao, Rakesh S., and Raghupathi Balasani. 2023. "Students’ Perspectives on Entrepreneurship and Its Intention in India" Sustainability 15, no. 13: 10488. https://doi.org/10.3390/su151310488
APA StyleSoam, S. K., Rathore, S., Yashavanth, B. S., Dhumantarao, T. R., S., R., & Balasani, R. (2023). Students’ Perspectives on Entrepreneurship and Its Intention in India. Sustainability, 15(13), 10488. https://doi.org/10.3390/su151310488