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Entrepreneurship is a key driver of our economy as a high majority of jobs are created by and through with what started as a small idea. By integrating entrepreneurship in the education system, young people can build the confidence to see value in their own ideas. In addition, todays world with its burgeoning population offers limited avenues of employment. This makes entrepreneurship all the more necessary. Entrepreneurship is an important facet of industrial growth and development of a nation. It is the backbone of a nation that sets its eyes on maximizing its performance in every field. The spirit of entrepreneurship brings about enthusiasm, persistence and the ability to seek entrepreneurial opportunities that lead to success. Entrepreneurship as an economic tool is vital for national development and for solving many social problems. It fosters economic growth and prosperity of a country. Apart from providing jobs for skilled workforce, entrepreneurship will contribute the tax revenue to the governments. It also promotes research and development, thereby resulting in creation of new technology and innovative goods and services, thereby increasing productivity. Entrepreneurship creates competition to develop and produce qualitative products at competitive prices. Hence, it increases the demand for goods and services. Entrepreneurs act as the change agents in the market economy. A nations ability to generate a steady stream of business opportunities can only happen when its people take up entrepreneurial activities. Entrepreneurs are essentially the engines of growth for a nation. There are several factors that go into making a successful entrepreneur, and he or she need not necessarily possess a strong business and financial background. On the contrary, well-conceived and well-directed training can always produce an outstanding entrepreneur. overnments play a crucial role in nurturing entrepreneurship. Unregulated entrepreneurship may lead to unwanted social outcomes including unfair market practices, corruption, financial crisis and the like. Entrepreneurship does not emerge and grow spontaneously. Rather, it is dependent upon several economic, social, political and psychological factors. These environmental factors have both positive and negative influences on the growth of entrepreneurship. In order to take advantage of the positive effects of the entrepreneurship, there is a dire need for promotion of entrepreneurship education. The entrepreneurship education should focus on developing risktaking ability, accountability, leadership skills and the like.