Entrepreneurial intention can be defined as willingness of a person to start new business. (Bird, 1988 & Thompson, 2009). Entrepreneurship is an engine for economic growth, a remedy for unemployment, and a way to create employment. The purpose of this study was to find out various factors that affect the entrepreneurial intention of college students in India. The study is exploratory and qualitative in nature. Content Analysis of previous researches was done to identify the factors which affect EI in college students. It was found that both Internal and External Factors affect the Entrepreneurial intention among college students in India. The Internal factors included Personality traits, Enterpreneur Education, Prior Business Experience, Relational support, Age and Gender. External factors included the entrepreneur utility, situational and environmental factors.