In the era of Entrepreneurship, are Indians forgetting the value of Education?

Entrepreneurship has been an integral part of the development of the economy of the country. The robust nature of the Indian startup ecosystem is evident as per a YourStory report of 2022, which is 82.8% higher in comparison to H1 2021. This report also shows that over $17 Billion in funding was raised by startups.

This article is all about how entrepreneurship has degraded the value of education. Foremost, we should shed some light on some famous and prosperous entrepreneurs of India.

Ritesh Aggarwal

As we all know, Ritesh Agarwal, the youngest self-made billionaire in the world and the founder of immensely successful startup OYO Rooms, comes from a family that used to run a small shop in Rayagada, Orissa. At 18, he dropped out of college and was selected for a fellowship in 2013. He soon started a portal to book budget stays, Oravel Stays and got a grant of $100,000. This grant was used to launch the famous OYO Rooms. His net worth as estimated by Hurun Rich Awards in 2020 was $1.1 billion. /

Azhar Iqbal

We all must have a mobile application known as Inshorts installed on our devices, this app was founded by Azhar Iqubal, an IIT-Delhi dropout. From starting Inshorts from a Facebook page to converting it into a mobile application, it was a journey of investing around $20 million in the app.

Kailash Katkar

The person behind the most used Cyber Security Software is founded by Kailash Katkar, a student who dropped out of school after failing in the ninth standard and has no professional degree. Quick heal, originally known as CAT Computer Services was founded in the year 1995 and was later on named Quick Heal Pvt. Ltd. when it started providing Anti-virus services. As of now, the company generates revenue of INR 286 crores.

After reading and knowing about the life story of people like Ritesh Aggarwal, Azhar Iqubal, and Kailash Katkar, it won’t be wrong to say that a Degree is just a piece of paper. The success of a person is not defined by the number of degrees they have in their hands or the number of classes they have read in, rather it is defined by the skills they have and their passion and readiness to achieve something in life. So we can say that College may help give the basic knowledge on which entrepreneurs work but it is not mandatory to have a degree to be an entrepreneur.

Now coming back to the above-asked question,
In the era of Entrepreneurship, are Indians forgetting the value of Education?

So, the clear answer to this question would be YES. The Indian education system is still not progressing with time, students are still being taught that same old syllabus for so long. Students should be prepared for real-life challenges at a young age itself. Perhaps, they are being asked to study a syllabus that won’t even help them anywhere. Degrees may help get a monotonous 9 to 5 job, however, they do not help start-ups as an entrepreneur. Hence, students have now started giving less value to education and have started resorting more to acquiring skills.

Conclusion

Having that said, as per reports issued and also as per the booming of the economy towards entrepreneurship, it is clear that the value of education has been degraded by the students and has started giving more emphasis to entrepreneurship. However, the prominent part remains the same students are getting more and more diversified options to pursue and accomplish their dreams and explore them in the real world.

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