SAMVAD: International Journal of Management

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Ideology of sustainable development is based upon education not as an end result but as a beginning by nurturing appropriate life skills which leads to harness both the present and future demands (Nsaminang 2007). Though India is positioned at 60th rank in Global Innovation Index report (2017) unfortunately over 90% of Indian start-ups fail within the first five year since their inception. (Report of IBM NYSE: IBM 2017). This research paper attempts to explain the role of education, family support and societal culture in harnessing life skills which act as mediator variable for the growth of entrepreneurship. The paper uses descriptive research design by administrating questionnaire to 200 B. Tech and MBA final year students of Hyderabad between September-November 2017. Respondents opine that education in schools and colleges are not providing requisite skills sets and exposure for entrepreneurship. Life skills grooming through education are still in nascent stage as rote learning passive mode pedagogy is followed. Further family and society significantly influences student’s choice to venture into entrepreneurship.

Keywords

Education, Life Skills, Societal and Family Support.
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