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Neha PalTop Contributor
Content Writer|| ENGINEER||
Asked a question 4 years ago

What's preventing India's youth from entrepreneurship?

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There are so many reasons that are preventing India's youth from entrepreneurship:

Like in India it is considered 'one job in one life' concept specially government job.  People are not so western here so they are afraid to start any startup. Due to high unemployment rate and money issues youngsters do  not want to take any risks. Indian parents are also possessive about their children. They take the decision of their children's future like what they should persue and what will better for their career. Youth is not self dependent in our country. We, Indians, since childhood are not taught to take risks because failure is considered to be the ultimate sin one could commit as per the traditional beliefs.

  • Staying away from discussions related to money: Wealth-making (Dhanda) is considered as a negative term. It is good to earn respect, legacy and fame. But for money, it’s a big NO. Money-matters are never ‘a dining-table discussion’. Parents want their children to stay away from monetary discussions from childhood until youth. So, an Indian child never learns anything about setting a budget, expenditure, extra sources for income, setting-up a business, etc.
  • Lack of knowledge (of the people of the society): Even if they somehow manage to settle a small company and distribute shares, no Indian buys that. First, again the fear of failure of the buyers. Second, more than 90% of Indians don't know what a ‘share’ is. So, the company collapses.
  • Lack of respect: The second most important desire of a human being after money is respect. In Indian scenario, start-ups are never given due respect. The founders are seen as persons who have not got a decent job and hence playing their luck here. Unless and until a start-up gets the due respect, we should not expect entrepreneurs from our country.
  • Lack of freedom for women: Women are neither given the chance to try their luck in entrepreneurship not be allowed to follow their dreams (often). If we bar half the population from doing this job, then this would not be legit enough to discuss why we are having less entrepreneurs. We are over-protective about our daughters. It is good but only upto a certain extent. Don't you think that there would be a girl of 10 or 12 in some remote village having a great idea that would change the future? But we would not allow her to go to school. This happens in the rural scenario. So even if not 50% at least 25% of the total population are not allowed for this job because of mental boundaries.

In our country India there are so many youngsters are getting affect by their parents, society and tradition. You are the one who will decide what to do. Keep doing your thing, You’ve got one life. Don’t let parents, tradition, or society stop you from doing what you want to do.