VIJAYAWADA: Education Minister Nara Lokesh has said reforms in higher education are crucial to achieving India’s ambitious goal of a $30 trillion economy.Speaking at the CII Southern Region–VIT-AP higher education conclave 2025 in Amaravati on Wednesday, the minister said the next phase of India’s growth would depend on overhauling education in ways as to prioritise skill development alongside academic degrees. Citing the Economic Survey 2023-24, Lokesh said “only 51 per cent of Indian graduates are deemed employable” due to a gap between academic curricula and industry needs. “While the 3-4 year degree courses fail to guarantee jobs, short-term coaching and skill programmes create faster employment opportunities,” he noted. The minister spoke of the need for revamping higher education with focus on practical skills through industry collaboration, updated curricula, structured internships, mentorships, and faculty training in new technologies. India, he noted, is poised to become a $5 trillion economy shortly, but the bigger challenge is to scale up to $30 trillion. “Economic growth without intellectual capital and skilled human resources is impossible. Higher education must act as the foundation for this transformation.” Highlighting Andhra Pradesh’s economic progress, Lokesh said the state attracted $120 billion in investments over the past 17 months through business-friendly reforms. Another $120 billion was expected at the upcoming investors’ summit. “Andhra Pradesh aims to reach $1 trillion in investments by 2029, creating a competitive environment among states that will strengthen India as a whole.” The education minister stressed the need to prepare youth for this future. “With 54 per cent of India’s population under 25, the country’s demographic dividend can be realised only if young people receive employment-relevant education and skills training. Currently, only 34.7 per cent of India’s workforce has formal skill training compared to higher rates in countries like South Korea and Japan,” he said. GV Selvam, chairman of CII SR College Excellence Cluster 2025 and vice-president, VIT, said, “Technology is meant to enhance our productivity, simplify tasks and open new possibilities. But, it should never come at the cost of our creativity and independent thinking.” He said, “Today, we rely heavily on AI tools and electronic gadgets to solve almost every problem and make decisions. While this convenience is valuable, it also makes us vulnerable.” “CII remains committed to facilitating dialogue and collaboration between academia and industry to create a future-ready workforce equipped with the skills, creativity and adaptability required for sustainable growth,” he said. SV Kota Reddy, vice chancellor, IT AP University, made opening remarks of the morning session. Ashwin Mahalingam, co chairman, CII SR taskforce on education and industry institute linkages and professor and dean – alumni & corporate relations, IIT Madras; Indrajit Anne CEO, Inventiz & president of iTAAP – Information Technology Association of Andhra Pradesh; and V Srikant CEO ICT Academy, participated as panelists and expressed their insights on the theme, ‘Reimagining higher education for India’s $5 trillion economy’. Other panelists who shared their thoughts on the theme included Ashwin Mahalingam, co-chairman, CII SR taskforce on education & industry institute linkages & professor and dean – alumni & corporate relations, IIT Madras; Philipp Assmus, founder & CEO FyrstGen, UK; Prof K Ratna Shiela Mani, vice chairperson, AP state council of higher education, AP; Saranam Narendra Kumar, vice chairman, CII Andhra Pradesh & executive director, Apex Solutions Ltd; and Dasari Ramakrishna, past chairman, CII AP & managing director of Efftronics Systems Pvt Ltd.
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