Entrepreneurship education can create a stable middle class

thehindu.com

India's Vision India@2047 policy aims to boost entrepreneurship through initiatives like the Startup India Action Plan. Despite progress, many self-employed individuals run micro-enterprises and lack the skills to grow stable businesses, which are essential for a strong economy. To address this, experts suggest providing entrepreneurship education to everyone. This approach could empower individuals from diverse backgrounds and help create a middle class of business, characterized by steady growth rather than rapid expansion. The CAVE framework has been developed to guide entrepreneurship education. It includes four strategies—Causal, Adaptive, Visionary, and Effectual—designed to help entrepreneurs navigate uncertainty and foster innovation in new ventures.


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