Importance of Entrepreneurship

According to research by UNICEF and EY, would-be young South Asian entrepreneurs face many obstacles with finances, skills, resources and the right guidance. While there is a strong aspiration for education, skill development and entrepreneurship, many of these entrepreneurs face difficult challenges with access to finance etc.

Entrepreneurship is vital to economic growth and development.

• Entrepreneurs contribute significantly to the economy by creating jobs, while more innovative and transformational entrepreneurs contribute in terms of productivity, economic dynamism and innovation.
• Entrepreneurship is a key ingredient to unlocking the emergence and development of a vibrant private sector- which is vital to the sustained growth of any country.