Education contributing to nation's growth: Prez

Last Updated: Mon, Dec 10, 2012 03:51 hrs

pPresident Pranab Mukherjee today said India is fast emerging as a great economic power with the country becoming the third largest economy in the world in terms of Purchasing Power Parity PPPpp&ldquoThe growth rate our country enjoys is second only to China among the major economies in the world In the six of the last nine years we managed a growth rate in excess of 8 per cent Though the growth rate have slightly contracted since 2010-11 in the face of the global economic meltdown India has been able to withstand the crisis and has shown a remarkable resilience&rdquo the President said while delivering his convocation address at the Dev Sanskriti Vishwavidalaya at HaridwarppMukherjee also noted that it is the growth of education in India which is a key factor responsible for the resilience which in turn helps skilled workforce to contribute directly to the nation&rsquos outputppIn the field of higher education India has 659 degree awarding institutions and 33023 colleges he said At the end of the Eleventh Five Year Plan period there were a total of 152 central institutions awarding degreesppThe number of such institutions have increased by 65 during the Eleventh Plan period of 2007 to 2012 he said adding this has indeed contributed towards increasing productivity of our work forceppThe President said the Indian Institute of Technologies and the Indian Institute of Managements have created benchmark in technical and management education in the country and are held in high esteem internationally It is thus heartening to note the number of IITs has increased from 7 in 2006-07 to 15 in 2011-12 and the number of IIMs has increased from 6 to 13 over this period he said The total number of degree awarding Institutions- Central State and Private- has increased by 272 over the Eleventh Plan period Evidently the enrolment to higher education institutions in the country has also increased from 139 crore in 2006-07 to 218 crore in 2011-12 which is the terminal year of the Eleventh Five Year Plan Mukherjee saidpp"Notwithstanding our achievements we have to upgrade the standard of higher education The country lacks behind in terms of research and innovation The total number of patent applications filed by Indians in 2010 was close to only six thousand which pales in comparison to over 3 lakh applications filed by Chinese around 17 lakh filed by German 464 lakh filed by Japanese and 42 lakh filed by Americans The number of applications for patent filed by an Indian comprised only 030 of the total applications filed in the world he saidp

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