Hyderabad: Niti Aayog member Dr Bibek Debroy on Saturday showered praise on the Modi government saying India’s past was been glorious but its present was always weak but that has changed now. He said India was stepping into a bright future.
Speaking at the fourth convocation of the Indian Institute of Technology Hyderabad (IIT-H), both Dr Debroy and IIT-H chairman of Board of Governors, Mr B.V.R. Mohan Reddy concurred in saying that start-ups would be the primary employment providers in the country.
As many as 358 students and scholars graduated this year from IIT-H, a jump of nearly 35 per cent over the previous year.
Previously, Dr Debroy said, “In our time, we would talk about the glorious past of the country but the present was weak. That is changing now with the present brimming and stepping into a bright future. There are signs you can see now.”
Though, he said that comparing India with the US would be wrong. He advised that “creating employment for others is going to create the future of the nation. Most people want to make money. There is nothing wrong with making money through legitimate ways. It will help build up the wealth of the nation. The issue is not just what the government is doing for you. The issue is what you do for the country. Nobody is asking you to not make money.”
Speaking earlier, Mr Reddy said that India requires about 50,000 start-ups to absorb the workforce. “We should produce job creators rather than job seekers. About 10 million people are joining the workforce every year which will be 100 million in the next 10 years. Start-ups are a solution and there is an evidence to that. In the last year, there were 3,000 new start-ups in India. The requirement is about 50,000,” Mr Reddy said, adding India had the fourth highest number of new start-ups in the world, last year. IIT-H awarded a record 358 degrees this year including 34 PhDs.
IIT-H Director, Prof. U.B. Desai said, “The fact that we have a large number of PhDs, a significant jump from 5 last year to 34 this year, amply corroborates our thrust on invention and innovations.” Only 47 per cent of the 358 graduates were in the B. Tech. The first batch of chemical engineering students also passed out this year.
