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Senior Entrepreneurship: Agenda for a Youth Economy (Indian Perspective)
Abstract
The 50+ age group had made a significant contribution to the entrepreneurship and innovation agenda in the US. Similarly, entrepreneurs above the age of 50 constituted around 15% of all commercial startups in England. Senior entrepreneurship has been considered a promising way to manage the issue of aging population. Could India be the next destination for third-age entrepreneurship to find its calling? Should we acknowledge the advantages of senior entrepreneurship and sensitize the aging population and the governments toward it? In light of limited literature available for senior entrepreneurship, potential motivating factors or driving force are discussed. Furthermore, entrepreneurship in India is highlighted encompassing the status of entrepreneurship, policies and schemes promoting entrepreneurship, and opportunities and challenges for senior entrepreneurship. Finally, the chapter concludes with implications for practice in policy-making and in terms of encouraging senior entrepreneurship and its antecedents in the Indian context.
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