There is a need to provide livelihood security to those in the lower rungs of the socio-economic ladder, President Pranab Mukherjee said Monday.
Inaugurating a summit on 'Livelihood Security: Realising the vision for 1.3 billion Indians', organised by Assocham here, Mukherjee said there is a binding obligation to realise the dreams of the young Indians.
"India with 2.4 percent of the world's geographical area...has 17 percent of its population, pose formidable challenge," he said.
The President said that livelihood security is incomplete without the provision of social security.
Mukherjee said he was certain that with the "combined efforts of all stakeholders - government, industry, non-governmental agencies and the community at large - we will be able to extend to our countrymen enormous livelihood prospects".