Education is vital to the future of India, because it is the most important element in converting our youthful population into a national asset. We have 540 million Indians under the age of 25, if they are educated and trained properly to take advantage of all that 21st century India can offer them, they will constitute a demographic dividend' that will endow India with a productive workforce for the next three decades, while the rest of the world is ageing. Education is of course indispensable in the social transformation of our country and in building a just and equitable society here. India has a younger population not only in comparison to advanced economies but also in relation to the large developing countries. As a result, the labour force ir India is expected to increase by 32 per cent over the next 20 years, while it wi decline by 4.0 per cent in industrialised countries and by nearly 5.0 per cent China. This 'demographic dividend' can add immeasurably to our growth potenti provided two conditions are fulfilled. First, higher levels of health, education a skill development must be achieved. Second, an environment must be createč which the economy not only grows rapidly, but also enhances good qua employment and livelihood opportunities to meet the needs and aspirations o educated youth.

ne three important pillars of higher education are Access, Equity and Qualit

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