Key demographic and socio-economic factors of an entrepreneur's success in India

The study employed a quantitative research approach to investigate how demographic and economic factors influence the success of entrepreneurs using theoretical lens of human capital theory. It meticulously explores an array of critical variables that encompass various facets of the entrepreneur's journey. Data was collected by purposive sampling of 588 respondents who had received training from rural self-employed training institutes (RSETI) and subsequently became entrepreneurs. The collected data was analysed using statistical techniques, such as regression analysis, t-tests, confirmatory factor analysis using (AMOS) software to assess the relationships between the key variables and entrepreneurial success. Through a comprehensive analysis of the variables, the findings of this study illuminate that among the demographic factors under scrutiny, formal education emerges as a notable contributor to entrepreneurial success. Moreover, the adoption of contemporary technology, the respondent's income level, and the training received from RSETI emerge as pivotal factors that play a central role in determining the success trajectory of entrepreneurs.