That 21st century is the age of "knowledge economy" and the power of new ideas and innovation is greater than money, said President Ram Nath Kovind, while speaking at the diamond jubilee celebrations of PGDAV College of Delhi University (DU).
He said sustainable development of the human society is 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 President said that the definition of employment is changing. "Creating self-employment opportunities for yourself and for others has become more feasible," he 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.