Perception on entrepreneurship & innovation among college students

Even though India is a big country, it has many problems. One of the major problems is unemployment. There are more than six crore well educated youth in India who are unemployed. There has been a drastic increase in the literacy rate in India over the past few decades. Unfortunately, this has failed to curb the unemployment rate. Employment growth in the organized sector, both public and private combined, has been registering a steady decline. With the continuing economic recession, the number of unemployed is only increasing exponentially. It is widely feared that unless entrepreneurial activity is encouraged and developed, there will be social chaos. Entrepreneurship has never been more important than it is today in this time of financial crisis. At the same time, society faces massive global challenges that extend well beyond the economy. Innovation and entrepreneurship provide a way forward for solving the global challenges of the 21st century, building sustainable development, creating jobs, generating renew economic growth and advancing human welfare. Entrepreneurship and Innovation are considered as the important determinants of the economic development of a country. Entrepreneurship is a typical global phenomenon attracting millions of economists, politicians and social workers. In developed countries, entrepreneurship has gained attention in the last century. This research is undertaken to study the perception on entrepreneurship and Innovation among the college students.