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Fundamentals of our economy strong: President
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SME Times News Bureau | 09 Sep, 2013
The fundamentals of our economy remain strong though growth has slowed
down in recent times, President Pranab Mukherjee said here Saturday
before winding up his two-day Odisha trip.
"Steps are being taken
to contain fiscal deficit and boost industrial investment. I am
confident of our economic growth being restored to the high levels seen
in the past," he said at the convocation ceremony of the Bharatiya Vidya
Bhavan in Bhubaneswar.
Earlier in the day, addressing the second
convocation ceremony of the Indian Institute of Technology-Bhubaneswar,
he called for innovative changes in India's education system to reclaim
its lost glory.
He said, "Improvement in our academic system
calls for innovative changes. Our examination system must incorporate
modern methods of evaluation. Top quality teachers must be recruited."
Mukherjee
said, "A spirit of competition amongst universities must be infused.
Academic regulation must be streamlined to create a more flexible,
transparent and student-friendly education system."
The president
also said the country's efforts at expanding the higher education
infrastructure had yielded positive results but very few academic
institutions in the country can claim global rankings due to lack of
quality.
He pointed out: "As per international ranking, there is
not a single Indian university, including the IITs, amongst the top 200
universities in the world."
Mukherjee said, "Leading universities
of the West and universities even in countries like China, Hong Kong,
Taiwan, Brazil, Mexico, South Africa, Malaysia and Saudi Arabia are
ranked higher than any Indian institution."
The president added,
"In the past, for about 1,800 years beginning in the sixth century BC,
we had an unbeatable higher education system represented by universities
like Takshila, Nalanda, Vikramshila, Valabhi, Somapura and Odantapuri.
"They were a magnet for knowledge seekers from distant places. But today, we languish behind many nations," he rued.
Mukherjee
arrived in Bhubaneswar Friday evening and proceeded to the temple town
of Puri, about 55 km from here, where he spent the night at the Raj
Bhavan.
In the evening he visited the beach and saw a sand sculpture created by internationally acclaimed sand artist Sudarsan Pattnaik.
The president offered prayers at the Jagannath temple, Puri early Saturday before returning to Bhubaneswar.
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