Highlighting the country's achievements in the areas of defence, space and others, he, however, said a lot more needs to be done.
India is among the few countries in the world to have the capability to intercept an incoming missile, he said, speaking at the 19th Convocation of University of Hyderabad (UoH) here.
The academic institutions need to promote research and the students should come up with innovations and be entrepreneurs, he said.
He cited the example of an ambitious youth from Coimbatore who bagged a project with the ISRO for the youth to come forward with new ideas.
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Acknowledging the contributions of industry and research and development organisations, Reddy urged them to take up research in a big way for the country to grow.
Chancellor of UoH and eminent economist C Rangarajan presented degrees in various disciplines to the students on the occasion.
UoH Vice Chancellor Apparao Podile, in his address, said 1,421 students graduated this year and that 229 among them.
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