To have 50 % of scholars in universities, India must double the varsities’ power to 2,500, NITI Aayog CEO BVR Subrahmanyam has mentioned.
Subrahmanyam additionally mentioned that with an enormous digital infrastructure, India has change into the largest laboratory within the digital world the place one can experiment at a scale.(HT file)
Delivering a keynote handle on the Indian College of Enterprise (ISB) right here on Friday, he mentioned that although one college and two faculties have been opened each week previously ten years, solely 29 % of the age cohort enrolled within the universities.
Subrahmanyam additionally mentioned that with an enormous digital infrastructure, India has change into the largest laboratory within the digital world the place one can experiment at a scale.
“Today we have 1,200 universities and slightly more than four crore students, but that’s only 29 percent of the cohort age enroll in the university system. Actually, at least 50 per cent of the students should be in colleges.
Also Read: UPPSC PCS Prelims 2024 to be conducted on December 22, check details
“We have to double the universities and universities within the nation. The nation wants 2,500 universities. It might appear to be a variety of universities usually are not on top of things or no matter, however the reality is, you want these numbers. Perhaps we have to ship schooling in a different way,” he said.
The CEO said India has created a huge architecture called digital public infrastructure by going the public route rather than the private.
The official further said Estonia was the first country with a population of two million which went for digital identity. However, India did at the scale of 140 crore people and everybody has a digital identity and 120 crore people have bank accounts.
Also Read: AIIMS INICET January Result 2024 awaited: How, where to check INI CET PG results
“India has change into the largest laboratory within the digital world. A laboratory the place you’ll be able to experiment at a scale which is unimaginable and inconceivable wherever else, most likely besides the USA. Perhaps we even leapfrog them for a wide range of causes,” he said.
India has become a place which is digitally and financially connected with an identity, which has led to innovations one after another, he said, adding that UPI is an innovation and 48 to 50 per cent of all global financial transactions happen in India.
As many as 10 billion transactions a month are happening, which may be lower in terms of value and very high in terms of volume, the NITI CEO said.
He said ‘Viksit Bharat’ is not necessarily just being a prosperous country, but also an inclusive nation which will have a “rising tide which lifts all of the boats.”
He said the country is expected to become a USD 30 trillion economy by 2047, surpassing the present size of the US and Chinese economies.
Research and innovation are crucial for becoming a modern developed economy, he said.
With the vast base that has been created in the last 10 years, India has probably become a huge hub for fintech innovation, Subrahmanyam said.
Talking about the transformation in the country during the last decade, he said there will be a drinking water supply in every village by the end of next year.
“Each home is related with electrical energy provide. There’s a street to each village. We have now housing which is being constructed at a speedy tempo,” he said.
In the last 10 years, 25 crore people have escaped “acute poverty”, he said, also highlighting the transformation in highways, railways (including Vande Bharat trains) and others in the country.
He also said India can be a leader in climate change as the technologies to address the issue have not yet been invented fully. Observing that most countries in the west have developed stable economies which have to be “rewired and re-engineered” for a green future.
He said such re-engineering is not required in a large part of India and climate-friendly mobility and power systems can be developed.
The government’s missions, such as those related to AI and semiconductor are aimed at keeping the country ahead in the concerned areas, he said.
India is going to be a powerful nation in terms of its innovative capabilities, he said.
He also said NITI Aayog is preparing visions for the country, preparing economic plans for cities and trying to transform agriculture into new areas like horticulture and aquaculture.
“The second space which NITI works in is how we seize the technological developments to profit the nation…” he said.
India should be a global leader in frontier technologies, he added.
Since the technologies don’t exist, everybody is starting afresh and India should be setting the benchmarks, the standards, the certification methods for technologies, he said.
“I feel NITI would lead that drive,” he mentioned.
Additionally Learn: RRB ALP 2024 examination metropolis slip launched, obtain hyperlink right here