Addressing members of National Institute of Personnel Management, he said absorption of skilled manpower was also necessary, otherwise it would give birth to social unrest as seen in the 1960s and the 1970s.
Mukherjee said that the combined state and Centre's allocation in education had come close to six per cent of GDP now.
He said the young population was an asset which needed to be utilised properly to stimulate sustainable economic growth to meet the global manpower shortage.
Mukherjee stressed on the need for healthy public private partnership to push the economic growth.
Allaying fear of a food crisis, he said that the country was now producing 223 million tonne of food grain.
He expressed hope that India would not only produce its own, but also for others.
