India needs 2,500 universities to accommodate 50% students: NITI Aayog CEO

In bid to person 50 per cent students successful universities, India needs to treble the varsities' spot to 2,500, NITI Aayog CEO BVR Subrahmanyam has said.

Delivering a keynote code astatine the Indian School of Business (ISB) present connected Friday, helium said though 1 assemblage and 2 colleges were opened each week successful the past 10 years, lone 29 per cent of the property cohort enroll successful the varsities.

Subrahmanyam besides said that with a immense integer infrastructure, India has go the biggest laboratory successful the integer satellite wherever 1 tin experimentation astatine a scale.

"Today we person 1,200 universities and somewhat much than 4 crore students, but that's lone 29 per cent of the cohort property enroll successful the assemblage system. Actually, astatine slightest 50 per cent of the students should beryllium successful colleges.

"We request to treble the colleges and universities successful the country. The state needs 2,500 universities. It whitethorn look similar a batch of universities are not up to the people oregon whatever, but the information is, you request those numbers. Maybe we request to present acquisition differently," helium said.

The CEO said India has created a immense architecture called integer nationalist infrastructure by going the nationalist way alternatively than the private.

The authoritative further said Estonia was the archetypal state with a colonisation of 2 cardinal which went for integer identity. However, India did astatine the standard of 140 crore radical and everybody has a integer individuality and 120 crore radical person slope accounts.

"India has go the biggest laboratory successful the integer world. A laboratory wherever you tin experimentation astatine a standard which is intolerable and inconceivable anyplace else, astir apt but the United States. Maybe we adjacent leapfrog them for a assortment of reasons," helium said.

India has go a spot which is digitally and financially connected with an identity, which has led to innovations 1 aft another, helium said, adding that UPI is an innovation and 48 to 50 per cent of each planetary fiscal transactions hap successful India.

As galore arsenic 10 cardinal transactions a period are happening, which whitethorn beryllium little successful presumption of worth and precise precocious successful presumption of volume, the NITI CEO said.

He said 'Viksit Bharat' is not needfully conscionable being a prosperous country, but besides an inclusive federation which volition person a "rising tide which lifts each the boats." He said the state is expected to go a USD 30 trillion system by 2047, surpassing the contiguous size of the US and Chinese economies.

Research and innovation are important for becoming a modern developed economy, helium said.

With the immense basal that has been created successful the past 10 years, India has astir apt go a immense hub for fintech innovation, Subrahmanyam said.

Talking astir the translation successful the state during the past decade, helium said determination volition beryllium a drinking h2o proviso successful each colony by the extremity of adjacent year.

"Every location is connected with energy supply. There is simply a roadworthy to each village. We person lodging which is being built astatine a accelerated pace," helium said.

In the past 10 years, 25 crore radical person escaped "acute poverty", helium said, besides highlighting the translation successful highways, railways (including Vande Bharat trains) and others successful the country.

He besides said India tin beryllium a person successful clime alteration arsenic the technologies to code the contented person not yet been invented fully. Observing that astir countries successful the westbound person developed unchangeable economies which person to beryllium "rewired and re-engineered" for a greenish future.

He said specified re-engineering is not required successful a ample portion of India and climate-friendly mobility and powerfulness systems tin beryllium developed.

The government's missions, specified arsenic those related to AI and semiconductor are aimed astatine keeping the state up successful the acrophobic areas, helium said.

India is going to beryllium a almighty federation successful presumption of its innovative capabilities, helium said.

He besides said NITI Aayog is preparing visions for the country, preparing economical plans for cities and trying to alteration agriculture into caller areas similar horticulture and aquaculture.

"The 2nd country which NITI works successful is however we seizure the technological trends to payment the country…" helium said.

India should beryllium a planetary person successful frontier technologies, helium added.

Since the technologies don't exist, everybody is starting afresh and India should beryllium mounting the benchmarks, the standards, the certification methods for technologies, helium said.