New Delhi: M. Venkaiah Naidu, the Vice President has called for a faster and more inclusive growth. He said that knowledge is going to be the driver of the growth of Indian Economy and will play a vital role in improving the living conditions of the people. He called upon Indian Universities to rise to the occasion and reorient its higher education system to be globally competitive and to realign their research goals to meet real challenges that India faces.
He was addressing the 16th Convocation of the Indira Gandhi Institute of Development Research, established by the Reserve Bank of India, in Mumbai. He applauded the Institute for having established itself as one of the excellent centers of higher learning and as an influential center of discourse on national and global development concerns. The Vice President gave away degrees to 43 graduating students and presented one gold medal for excellence.
On the occasion, the Vice President spoke about growth and development and highlighted the rapid economic progress and fiscal consolidation that India had undergone. Naidu said that an emerging economy like India would constantly bring in new laws and regulations at par with international best practices. He observed that tax reforms were slowly increasing India’s tax base and shifting the social norms from one where it was alright to avoid taxes to one where the majority is willing to pay.
The Vice President opined that India’s demographic dividend was an opportunity and a challenge. He said that finding jobs for 12 million young people entering the labor force each year and millions transferring out of low productivity agricultural jobs is a major and continuing task.
Naidu stressed that education is not only for employment, but also to empower the individual with knowledge and wisdom to sift the wheat from the chaff. ‘Access to quality education for all and at all levels is equally essential to ensure inclusive growth and prevent any kind of discrimination’, he added.
Naidu urged scientists, technologists and engineers to keep abreast of the developments and absorb new technologies as they occur. He reasoned that this absorption is necessary for our progress in a fast integrating world. ‘We must identify areas and spheres where we have comparative advantage and push ahead’, he emphasized.
He urged the graduating students to learn to preserve the best of traditional values, shun negativism, develop a positive attitude and be socially conscious, peace loving and empathetic. ‘Develop a constructive attitude and focus more on achieving perfection in whatever you do’, he said.
The Director of Indira Gandhi Institute of Development Research, Dr. S. Mahendra Dev, the Dean, Dr. Jayati Sarkar and others dignitaries were present on the occasion.