India, Oct. 22 -- More than one in five Indian college students has already started a business, while 43% aspire to become entrepreneurs, broadly in line with global averages, according to a report released on Wednesday by the Indian Institute of Technology (IIT) Mandi.

However, the report has flagged gaps in converting ambition into viable ventures, stating that "half of Indian students know no entrepreneur beyond their parents", while also flagging limited exposure to entrepreneurs, low early sales and weaker follow-through among women, and calling on universities to prioritise actual business creation over entrepreneurship plans and competitions.

The GUESSS India 2025 report, titled 'How do we make student entrepreneurs?', is based o...