Microscope | October 2024
Centre for Excellence in Entrepreneurship and Development (CEED)
In this issue, we explore the state of nano entrepreneurship in a temple town and the RBI’s recent crackdown on risky lending practices. By presenting empirical research and evidence-based insights, we strive to enrich the ongoing discourse on how to address challenges, harness opportunities, and devise strategies for the unorganised sector within the entrepreneurial landscape.
Neha Ghatpande examines the economic ecosystem of Narsobachi Wadi, focusing on the interplay between the temple's economy and local nano-entrepreneurship. The article explores the state of nano enterpreneurship in towns whose economy are driven by religion-based activities.
Dr. Sumita Kale examines the Reserve Bank of India's recent crackdown on risky lending practices by NBFCs, highlighting regulatory challenges and industry reactions. In our newsletter, we present her article, which was published in the latest Indicus Foundation's newsletter.
Infographic Corner
Report of the Month
2023 GUESSS Global Report
Student Entrepreneurship 2023: Insights From 57 Countries
by Philipp Sieger, Lea Raemy, Thomas Zellweger, Urs Fueglistaller and Isabella Hatak
The GUESSS (Global University Entrepreneurial Spirit Students' Survey) 2023 Global Report builds on data collected from more than 2,26,000 students in 57 countries and seeks to inspire researchers, practitioners, and policy makers when continuing to foster student entrepreneurship.?
15.7 percent of all students intend to be an entrepreneur directly after studies, compared to 30 percent 5 years after completion of studies. Thus, entrepreneurial intentions (meaning the intention to create a new business) almost double between these two points in time. (Figure 1 below)
Figure 3 shows which career path those students who intend to be entrepreneurs right after studies plan to pursue 5 years later. 81,2 percent of these “direct intentional entrepreneurs” still intend to be entrepreneurs, indicating that entrepreneurial intentions are quite stable.
The shares of active, nascent, and intentional entrepreneurs (both directly and 5 years after studies) are consistently smaller among females than among males, as seen in Figure 13 below.
Major Findings
- 15.7 percent of all students intend to be an entrepreneur directly after studies (“direct intentional entrepreneurs”).
- 30 percent plan to be an entrepreneur 5 years after completion of studies.
- A central and stable pattern is “first employee, then entrepreneur”.
- The career plans of “direct intentional entrepreneurs” are very stable: 81.2 percentof them still intend to be an entrepreneur 5 years later.
- Since 2011, the share of intentional founders (referring to 5 years after completion of studies) has been in a similar range across GUESSS editions (between 28.2 and 34.3 percent).
- 25.7 percent of all students are in the process of founding a new venture (nascent entrepreneurs). 11.1 percent already own and run their own business (active entrepreneurs).
- The shares of intentional, nascent, and active entrepreneurs differ considerably across countries. As in previous GUESSS editions, the overall pattern is that developing countries tend to exhibit higher numbers than developed countries.
Influencing Factors
- Entrepreneurship education and the entrepreneurial climate at the university continue to be key determinants of entrepreneurial intentions and activities.
- 'Business and management' students exhibit the strongest entrepreneurial spirit amongst others.
- Also in 2023, a gender gap in entrepreneurship can be observed. The share of intentional, nascent, and active entrepreneurs is consistently smaller among females than among males, whereby there are considerable differences across countries.
- Both nascent and active entrepreneurs exhibit a slightly higher level of subjective wellbeing than non-entrepreneurial students. Therefore, seeking wellbeing may constitute another driver of entrepreneurial activities. Also in this regard, noteworthy differences across countries exist.
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