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The great challenge before the IITs is to act as a catalyst in the growth of quality technical education in the country.
For every challenge we face - unemployment, poverty, crime, income growth, income inequality, productivity, competitiveness - a great education is a major component of the solution.
Education is the great growth industry of the Third World. Since the Second World War, we have multiplied the number of children in school by four, with even larger multiples for secondary and university education.
In his first year in office, President Obama pulled us back from the brink of the greatest economic crisis since the Great Depression and worked to lay a new foundation for economic growth. The president identified three key strategies to build that lasting prosperity: innovation, investment, and education.