ENHANCING ENTREPRENEURIAL SUCCESS IN INDIA: THE ROLE OF EDUCATION, AGE, AND SUPPORT POLICIES

Abstract

Purpose: This study explores the interplay between entrepreneurial education, age, and support policies in fostering entrepreneurial success in India. It aims to identify key factors that influence entrepreneurial outcomes and highlight systemic issues within the current support framework.

Design/Methodology/Approach: A comprehensive survey was distributed via Google Forms to a diverse group of Indian entrepreneurs. The survey included questions on the impact of entrepreneurial education, the role of age in entrepreneurial success, and the effectiveness of support policies. Data was analyzed using descriptive statistics, Spearman correlation, and Kruskal-Wallis tests to identify significant relationships and demographic differences.

Findings: The findings indicate a strong consensus on the positive effects of entrepreneurial education in enhancing funding opportunities, business growth, and market preparedness. Age and experience significantly contribute to entrepreneurial success, with younger entrepreneurs showing adaptability and older entrepreneurs leveraging extensive networks and experience. However, significant gaps in support policies, including inadequate financial support, lack of mentorship, bureaucratic hurdles, and insufficient innovation promotion, were identified. These insights underscore the need for comprehensive policy reforms to create a more supportive and innovative entrepreneurial ecosystem in India.