Pune: Union Finance Minister Arun Jaitley on Sunday said it is imperative to reform India’s education sector. Even at a growth rate of 7-7.5%, India is not a satisfied nation, he said.
“If the country’s growth is to surge in the next 10-20 years, then we have to think in terms of a roadmap, particularly in education,” he said at the 14th convocation ceremony of Symbiosis International (Deemed University) at Lavale.
Stating that India has transformed into an ‘aspirational nation’ over the past 25 years, he said that while a number of sectors have reformed, education has remained untouched.
“A country with a large population can see it either as an asset or liability. India has the potential to trade and create minds and the best of resources, which can add not only to our economy, but can also go and service other economies with stagnant populations. But to catalyse this, we need to unleash our energies as far as education is concerned,” he said.
The Finance Minister alluded to the economy prior and subsequent to Liberalisation in 1991, commenting that as long as the economy was restrictive, the country grew moderately during the conservative era of the Licence Raj.
