Youth Entrepreneurship in Indian Scenario

2014 ◽  
Vol 5 (2) ◽  
pp. 74-84 ◽  
Author(s):  
Neeta Baporikar
Keyword(s):  
Young People ◽  
Global Economy ◽  
Regional Growth ◽  
Youth Unemployment ◽  
Later Life ◽  
Market Place ◽  
Highly Educated ◽  
Youth Entrepreneurship ◽  
The Government ◽  
Indian Scenario

Governments and local communities across the world have recognized that key to building prosperity and stimulate regional growth is fostering entrepreneurship among their people especially youth. Youth entrepreneurship has become a topic of interest for research scholars and also a subject of major concern for the Government. While youth entrepreneurship is an under-explored field, the main factor for its growing attention is the increased number of unemployed young people. Furthermore entrepreneurship is seen as a channel for the talents of many highly educated young people to explore their potential and cash their business acumen. By 2015, World Bank estimates that there will be about 3 billion youths less than 25 years old and a big portion of that will be in India. Many young people cannot find employment. This has become particularly acute since the education explosion in early 2000's and onset of the financial crisis in 2008. These outcomes are both inefficient and inequitable. Evidence shows that the unemployed are unhappier, more likely to experience a range of health issues, and face difficulties in integrating back into the labour market place (Bell & Blanchflower, 2009). For young people, the effects of unemployment may be particularly scarring. Evidence suggests that a spell of youth unemployment increases the likelihood of poorer wages and unemployment in later life (Blanchflower & Oswald, 1998). Such outcomes also have pronounced social costs. It represents a loss of potential output and leads to increased costs to the taxpayer apart from causing social disruptions. One potential way of integrating young people into the global economy is to increase youth entrepreneurship1. The objective of this research paper is simple - to understand youth entrepreneurship and its role with focus on Indian scenario.

scholarly journals Youth Entrepreneurship in Indian Scenario

Economics ◽  
2015 ◽  
pp. 1014-1024
Author(s):  
Neeta Baporikar
Keyword(s):  
Young People ◽  
Global Economy ◽  
Regional Growth ◽  
Later Life ◽  
Market Place ◽  
Highly Educated ◽  
Youth Entrepreneurship ◽  
The Government ◽  
Business Acumen ◽  
Indian Scenario

Governments and local communities across the world have recognized that key to building prosperity and stimulate regional growth is fostering entrepreneurship among their people especially youth. Youth entrepreneurship has become a topic of interest for research scholars and also a subject of major concern for the Government. While youth entrepreneurship is an under-explored field, the main factor for its growing attention is the increased number of unemployed young people. Furthermore entrepreneurship is seen as a channel for the talents of many highly educated young people to explore their potential and cash their business acumen. By 2015, World Bank estimates that there will be about 3 billion youths less than 25 years old and a big portion of that will be in India. Many young people cannot find employment. This has become particularly acute since the education explosion in early 2000's and onset of the financial crisis in 2008. These outcomes are both inefficient and inequitable. Evidence shows that the unemployed are unhappier, more likely to experience a range of health issues, and face difficulties in integrating back into the labour market place (Bell & Blanchflower, 2009). For young people, the effects of unemployment may be particularly scarring. Evidence suggests that a spell of youth unemployment increases the likelihood of poorer wages and unemployment in later life (Blanchflower & Oswald, 1998). Such outcomes also have pronounced social costs. It represents a loss of potential output and leads to increased costs to the taxpayer apart from causing social disruptions. One potential way of integrating young people into the global economy is to increase youth entrepreneurship1. The objective of this research paper is simple - to understand youth entrepreneurship and its role with focus on Indian scenario.

scholarly journals CONTRIBUTING FACTORS TO SMEs SUCCESS AMONG YOUTH

2021 ◽  
Vol 3 (8) ◽  
pp. 01-21
Author(s):  
Nor Azira Ayob ◽  
Intan Suria Hamzah ◽  
Anis Izzati Romly ◽  
Nur Idayuni Mohd Asri ◽  
Mohd Amar Aziz ◽  
...  
Keyword(s):  
Risk Taking ◽  
Early Stage ◽  
Youth Unemployment ◽  
Support Program ◽  
Contributing Factors ◽  
Business Support ◽  
Youth Entrepreneurship ◽  
The Government ◽  
To Come ◽  
Job Mismatch

Youth unemployment is one of the major global challenges for decades to come. While bound up with the overall employment situation, this challenge has its own dimensions and therefore requires specific responses. Unemployment or job difficulties have always been problems, especially for youth as they need to face it once they graduate. The government invents a lot of activities to cope with the unemployment issue in the country by cultivating entrepreneurship in society with a focus on students and youth to transform them to be an entrepreneur. So that this could lessen the problem at an early stage. Therefore, this study aims to identify the factors that contribute to the success of youth in entrepreneurship including business plan, business support program, and risk-taking, and how each of these influences’ youth entrepreneurship. The significance of this study is especially for youths include those who may leave their education and started their first jobs. Youth could expose the factors that lead to the effectiveness of the program. Even the youth may come from different fields, this could help them find the job if the current job mismatch with their field or being unemployed. A total of 200 youth respondents were collected from the youths who have become entrepreneurs and youth entrepreneurship has never been to obtain relevant data. The data collected, analyzed using IBM SPSS Statistics. using Non-Probability Sampling and the sample size by Roscoe. Results from this study revealed that all the listed factors contribute to the successfulness of youth to become entrepreneurs and the most contributing factor to the success of youth in entrepreneurship is Business Support Program.

scholarly journals Constraints of youth entrepreneurs in Ethiopia

2021 ◽  
Author(s):  
Hamed M. S. Ahmed ◽  
Yimer Ayalew Ahmed
Keyword(s):  
Youth Development ◽  
Sampling Technique ◽  
Youth Unemployment ◽  
Target Population ◽  
Entrepreneurial Activity ◽  
Research Approach ◽  
African Region ◽  
Limited Access ◽  
Youth Entrepreneurship ◽  
The Government

AbstractThe youth entrepreneurship has been regarded as a tool for employment creation in Ethiopia. However, the country faces the challenge of high youth unemployment rates. Even the country is considered as one of the lowest rates of youth entrepreneurial activity and business operating in the sub-Saharan African region. The aim of this research is to investigate the major potential constraints of youth entrepreneurs in the small and micro-enterprises. In order to fulfill the objectives of the study, this research employed a descriptive research design with a quantitative research approach. The target population of the study was 5000 youth entrepreneurs between aged 18 and 29 years at the time of the research. Out of the target population, the researchers selected 370 as a sample size by using a proportional stratified sampling technique. The valid responses for analysis were 350 respondents. The survey questionnaire was used as a tool for data collection. The study used descriptive statistics and factor analysis. The results of the study indicate that unfavorable government policy, limited access to finance, limited access to market, limited access to information and infrastructure, limited access to business assistance and support, limited access to entrepreneurship training and education, lack of social support, unfavorable administrative, and weak institutional linkage were the major potential constraints of youth entrepreneurs in the study area. The study draws implications for policymakers, the Ministry of Youth Development, Chamber of Commerce and Industry, and the government to adopt multi-faceted, multi-targeted, and multitier approaches in order to facilitate and encourage youth entrepreneurship.

Youth unemployment in Northern Ireland

1997 ◽  
Vol 11 (4) ◽  
pp. 367-373
Author(s):  
David Armstrong
Keyword(s):  
Northern Ireland ◽  
Young People ◽  
Financial Incentives ◽  
Compulsory Education ◽  
Youth Unemployment ◽  
Later Life ◽  
Low Achievers ◽  
The Status ◽  
One Year

Summary Nearly one tenth (8 per cent) of each cohort of school leavers in Northern Ireland experience long spells of unemployment and inactivity (“Status 0”) between the ages of 16 and 18. This is important because many such young people are likely to end up unemployed and long-term unemployed in later life. In Northern Ireland around 15 per cent of the male workforce is unemployed, and around one half of these have been out of work for more than one year. This paper outlines the nature of the Status 0 experience amongst 16 and 17 year olds in Northern Ireland, and discusses three main aspects of policy which might guide the overall policy response in Northern Ireland and elsewhere. Firstly, resources should be targeted carefully towards the most “at risk” young people, especially during the early stages of their progression through compulsory education. Secondly, relevant professionals should ensure that the most marginalised young people are not allowed to fall through the nets of mainstream provision and, in particular, every effort should be made to help young people avoid entering Status 0 immediately after leaving school. Thirdly, consideration should be given to the financial incentives faced by training providers in terms of recruiting low achievers who are at most risk of entering Status 0. There is some evidence to suggest that many of the existing incentives in Northern Ireland are inadequate and, in some cases, may exacerbate many of the problems faced by marginalised young people.

scholarly journals The influence of entrepreneurship in youth unemployment in transition and MENA countries

2020 ◽  
Vol 8 (1) ◽  
pp. 243-251
Author(s):  
Rejhan Sulejman
Keyword(s):  
Young People ◽  
Work Experience ◽  
Early Stage ◽  
Youth Unemployment ◽  
Entrepreneurial Activity ◽  
Universal Method ◽  
Mena Countries ◽  
Start Up ◽  
The Government ◽  
Relationship Of

Even though young people do not have enough work experience and skills, there is no doubt that they are an important source of the economic growth. However, the integration of young individuals to the labor market faces difficulties because of the missing experience, so one of the tools used to integrate them easily in the market has been entrepreneurship. In the last decade the concept ‘entrepreneurship’ and ‘entrepreneur’ have become very popular especially among youth. Studies show that young people are becoming interested in start-up businesses because they think about what they can do for themselves instead of what the government can do for them. The aim of this paper is to identify the relationship of entrepreneurship with youth unemployment in transition and Middle East and North Africa (MENA) countries for the period 2008 – 2016. An econometric analysis of panel data for the 33 countries is executed in Stata 12, to identify whether entrepreneurship can be used as a tool to decrease youth unemployment. There is no universal method to measure entrepreneurship, so data collected from different countries can bring incorrect results. In order to avoid incorrectness and misleading results we use TEA (total-early stage entrepreneurial activity) for entrepreneurship, from the Global Entrepreneurship Monitor, which uses the same methodology for data collection in every country. This study proves the theories from the literature review stating that young people have ambitions and are interested in starting their own business.

PERCEPTIONS OF SOUTH AFRICAN YOUTH OF LEADERSHIP DEVELOPMENT PROGRAMMES: A CASE IN THE LEPELLE-NKUMPI MUNICIPAL AREA

2016 ◽  
Vol 12 (2) ◽  
pp. 77-89
Author(s):  
Matshidiso Kanjere
Keyword(s):  
Leadership Development ◽  
Young People ◽  
South African ◽  
Rural Areas ◽  
Research Approach ◽  
Practical Applications ◽  
South Africans ◽  
African Youth ◽  
Multiple Challenges ◽  
The Government

The South African youth faces multiple challenges that range from illiteracy, drug and alcohol abuse, crime and HIV/AIDS, to unemployment. These challenges and many other ills in society have led to interventions by government, and private and other civil societies. The government has established and initiated a number of programmes that aim at building capacity and helping the youth to cope with these multiple challenges. Some of the programmes are aimed at building leadership capacity among the impoverished youth in rural communities. A lot of money is being invested in these programmes, which are meant to develop young South Africans. However, there are some young people who do not participate in these programmes. They are also not in the formal education system, self-employed or employed elsewhere. And they are despondent. The government, private sector and non-governmental organisations are trying hard to bring these youths and others into the developmental arena, so that they can be active participants in the economy of the country in the near future. However, little research has been conducted to assess the broad impact of the various programmes in the country. The contribution that these programmes are making toward improving the livelihoods of young people has to be determined on a larger scale. Nevertheless, this article reports on an investigation that was conducted on a smaller scale, at the Lepelle-Nkumpi Local Municipality. The aim of the research was to explore the perceptions young South Africans have of the leadership development programmes that they have participated in. A mixed research approach was used to collect data and the key findings indicated that knowledge accumulated through participation in the programmes does not always translate into practical applications. However, the programmes were deemed to be valuable in instilling a positive life-view. The study recommends that support systems be established in the rural areas to assist young people with life challenges.

THE SOCIO-ECONOMIC AND CULTURAL IMPLICATIONS OF SKHOTHANE ON YOUTH’S (UNDER)DEVELOPMENT AT EKURHULENI’S TO WNSHIP(S) OF SOUTH AFRICA

2016 ◽  
Vol 13 (2) ◽  
pp. 1-19
Author(s):  
Ndwakhulu Tshishonga
Keyword(s):  
Young People ◽  
Youth Culture ◽  
Youth Unemployment ◽  
Primary Data ◽  
Culture Of Poverty ◽  
Economic Implications ◽  
Secondary Sources ◽  
Cultural Implications ◽  
Material Goods ◽  
Ultimate Purpose

This article examines the socio-economic implications that the controversial sub-culture of skhothane has on the development or underdevelopment of youth at Ekurhuleni and surrounding townships. It interrogates skhothane within the post-modern expressive youth culture. In the township(s) of Ekurhuleni, skhothane is regarded not only as a controversial sub-culture but also as a lifestyle whereby young people compete in acquiring material goods with the ultimate purpose of destroying them. This practice co-exists alongside youth unemployment and underdevelopment which is exacerbated by poverty, rising unemployment and gross inequalities. The author argues that the practice of skhothane sub-culture does not only undermine the policies and programmes aimed at the socio-economic upliftment of young people, but turns the youth into materialistic consumers. In this article, young people are viewed as victims of post-modern lifestyles who are socialised under an intergenerational culture of poverty and underdevelopment. It uses primary data from selected interviews with skhothane members and general members of local communities and secondary sources from books, accredited journals and newspapers.

YOUTH POLICY IN MODERN RUSSIA. ABSENTEEISM AND POLITICAL PROTEST

2019 ◽  
Author(s):  
G.I. AVTSINOVA ◽  
М.А. BURDA
Keyword(s):  
Young People ◽  
Political Stability ◽  
Political Agenda ◽  
The Political ◽  
Political Protest ◽  
Youth Organizations ◽  
Youth Policy ◽  
The Government ◽  
Russian Politics ◽  
High Level

The article analyzes the features of the current youth policy of the Russian Federation aimed at raising the political culture. Despite the current activities of the government institutions in the field under study, absenteeism, as well as the protest potential of the young people, remains at a fairly high level. In this regard, the government acknowledged the importance of forming a positive image of the state power in the eyes of young people and strengthen its influence in the sphere of forming loyal associations, which is not always positively perceived among the youth. The work focuses on the fact that raising the loyalty of youth organizations is one of the factors of political stability, both in case of internal turbulence and external influence. The authors also focus on the beneficiaries of youth protests. The authors paid special attention to the issue of forming political leadership among the youth and the absence of leaders expressing the opinions of young people in modern Russian politics. At the same time, youth protest as a social phenomenon lack class and in some cases ideological differences. The authors come to the conclusion that despite the steps taken by the government and political parties to involve Russian youth in the political agenda, the young people reject leaders of youth opinion imposed by the authorities, either cultivating nonparticipation in the electoral campagines or demonstrating latent protest voting.

scholarly journals Mapping the Sharing Economy in China

2020 ◽  
Vol 12 (16) ◽  
pp. 6333
Author(s):  
Chan Liu ◽  
Raymond K. H. Chan ◽  
Maofu Wang ◽  
Zhe Yang
Keyword(s):  
Global Economy ◽  
Rapid Development ◽  
Sharing Economy ◽  
Essential Elements ◽  
Mobile Internet ◽  
Internet Technology ◽  
Short Term ◽  
Bona Fide ◽  
The Government ◽  
Idle Capacity

Harnessing the rapid development of mobile internet technology, the sharing economy has experienced unprecedented growth in the global economy, especially in China. Likely due to its increasing popularity, more and more businesses have adopted this label in China. There is a concern as to the essential meaning of the sharing economy. As it is difficult to have a universally accepted definition, we aim to map the sharing economy and demystify the use of it in China in this paper. We propose seven organizing essential elements of the sharing economy: access use rights instead of ownership, idle capacity, short term, peer-to-peer, Internet platforms mediated, for monetary profit, and shared value orientation. By satisfying all or only parts of these elements, we propose one typology of sharing economy, and to differentiate bona fide sharing economy from quasi- and pseudo-sharing economy. Finally, there are still many problems that need to be solved urgently in the real sharing economy from the perspective of the government, companies and individuals.

Impact of COVID-19 on FDIs, Remittances and Foreign Aids: A Case Study of Nepal

2021 ◽  
pp. 097639962097420
Author(s):  
Gaurav Bhattarai ◽  
Binita Subedi
Keyword(s):  
United Nations ◽  
Low Income ◽  
Global Economy ◽  
Grey Literature ◽  
Foreign Assistance ◽  
Foreign Direct Investments ◽  
Middle Income ◽  
Low Income Country ◽  
The Government ◽  
The Impact

The global economy has been severely paralysed, owing to the unprecedented crisis triggered by the COVID-19 pandemic, and different studies have indicated that the crisis is relatively more maleficent to the lower-income and middle-income economies. Methodologically, this study relied on the review and analysis of the grey literature, media reporting and data published by the Asian Development Bank, United Nations Conference on Trade and Development (UNCTAD), United Nations (UN), World Bank, International Monetary Fund (IMF) among others. The article begins by describing the impact of the pandemic on low-income and middle-income countries, and it discusses how they have responded to the crisis. While discussions have surfaced regarding whether COVID-19 will reverse the process of globalization, what will be its impact on the low-income country like Nepal? The study also highlights that with foreign direct investments speculated to shrink and foreign assistance and remittance taking a hit, how is Nepal struggling to keep its economy afloat? Analysing the new budget that the government unveiled in 2020, this study concludes with a note that instead of effectively implementing the plans and policies directed by the budget, Nepal is unnecessarily engaged in political mess and is needlessly being dragged into the geopolitical complications.

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