"By 2025, two third of the working population in the world will be living in India. We can provide working force to the entire world if we can impart them required skills. We should take up the skill development programme for 500 million by 2030 in all seriousness," he said, speaking as chief guest at the Golden Jubilee celebratations of the Bharati Vidyapeeth.
He said if the country's youth could be nurtured and made capable to become world class manpower, they will help drive India's ascent in the comity of nations.
He lamented that despite India boasting of hundreds of universities and other institutions of higher learning, not a single one of them has been recognised as world class.
He expressed concern over the "vast disparity" in the standard of education provided by several private institutions in the country.
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Maharashtra Chief Minister Devendra Phadnavis too pitched for skill development to turn India into a strong nation.
Maharashtra Governor Ch Vidyasagar Rao presided over the function in which glowing tributes were paid to former Maharashtra Minister Patangrao Kadam, who is founder and chancellor of the Bharati Vidyapeeth.
After the function, the President had a meeting with his predecessor Pratibha Patil, which was described as a courtesy call.