21st century was age of “knowledge economy” says President Ram Nath Kovind

Vastavam web: President Ram Nath Kovind today said the 21st century was the age of “knowledge economy” and the power of new ideas and innovation was greater than money.He said a sustainable development of the human society was possible through the confluence of Indian values and modern science and technology.Pointing to the success of the youth and their start-ups in e-commerce, transport and tourism, he said more than capital investment, it was the human talent and ingenuity that were behind such success.

“The 21st century is the age of the knowledge economy. In today s era, the power of new ideas, new thinking and innovation is greater than money, Kovind said.In order to encourage self-employment, the government is providing assistance through various schemes, Kovind said, as he urged students to use these opportunities for their career development as well as to create opportunities for others.

Remembering social reformer Swami Dayananda Saraswati, he said that to spread his teachings, Indian educationist Lala Hansraj had laid the foundation of Dayanand Anglo-Vedic (DAV) school in Lahore about 130 years ago.Indeed, the philosophy of the DAV institutions, which were first founded in the 19th century, can stand us in good stead in the 21st century as well, he said.The President said that former prime minister Atal Bihari Vajpayee had completed his MA from DAV school in Kanpur.