Paradigm Shift in Entrepreneurship Education for Sustainable Development

Authors

Dr. Prabir Chandra Padhy, Asst. Professor (Sr.), DTM-SMEC
VIT University, Vellore, Tamil Nadu, India.
Ms Smita Panda
TRA, VIT Business School VIT University, Vellore, Tamil Nadu, India.
Dr Sudipto Bhattacharya, Professor
VIT University, Vellore, Tamil Nadu, India.

Abstract

India’s Hon’ble Prime Minister Narendra Modi has started the Aatma Nirbhar Bharat Abhiyan to boost the Indian economy which is adversely influenced due to the current pandemic situation. To face this turbulent time and trigger the Indian economy government announced a massive amount of twenty lakh crore, which is almost ten percent of the GDP of our nation. A basic schema of this campaign is to increase the GDP by bringing the economy on the right track. History is the witness that by accelerating the entrepreneurship process in any country, has brought positive figures to the GDP. Additionally, the National Educational Policy (NEP) 2020 also focuses on developing more job givers. All these facts mentioned above take us to a captivating need to impart Entrepreneurial education. Entrepreneurship education is the only way to give life to the industrial sector by developing entrepreneurial attributes in humanresources.This paper emphasizes on review of entrepreneurship educational curriculum, design and implementation strategy in different parts of the world. This article examines the relationship between entrepreneurship education and economic development. The paper discusses the curriculum design for Entrepreneurship Development course at Vellore Institute of Technology, Vellore. It highlights the pedagogy adopted herein so that complete handholding support is provided to aspiring entrepreneurs along with the project ideas for their business. The paper develops a sustainable conceptual model and an integrated approach to entrepreneurship development, with the educational ecosystem playing a vital role, can necessarily lead to generating more successful entrepreneurs and enterprises.