President Pranab Mukherjee has said that Indian institutions must collaborate with foreign universities as they are lagging behind in exchange of faculty and students. <br/><br/>Addressing the inaugural ceremony of 90th year celebrations of Shri Ram College of Commerce , SRCC in New Delhi today, Mr Mukherjee said, he always took the delegations of vice chancellors on almost all his state visits and the academic interaction these vice chancellors have had with their counterparts was the most productive part of the visits. <br/><br/>The President said, ever since he took over as the President, he has been constantly stressing on improving the quality of higher education in the country in his capacity as Visitor of Central Institutions of higher learning. He said, as a former teacher, he was convinced that if India is to have a place on the high table of international community, it must achieve the highest possible position in the field of education. <br/><br/>The President said, work being done to raise the standards of Indian universities and after several years of efforts three Indian institutes of higher learning have secured top places in the world. <br/><br/>Mr Mukherjee expressed confidence that many more Indian institutions will soon reach the top position in the world. <br/><br/>Pointing out the importance of research and innovation, the President said Germany was only the country unaffected by 2008 financial crisis and Euro zone crisis. <br/><br/>This was because of the solid foundation for research and development within the country as well as the world class institutions it has established. <br/><br/>He said for decades Shri Ram College of Commerce has met the essential requirements of connecting education to the needs of an emerging nation, as also developed livelihood and professional skills in the field of business and economics. <br/><br/>He said, it is heartening to note that the vision of its founder, Sir Shri Ram to create an institution that would train young minds to manage the needs of industry, business and economic administration has been fulfilled comprehensively. <br/><br/>The President said, application of theoretical learning to real life situations and finding workable solutions to such situations is the real test of success in academic postulates.

President Pranab Mukherjee has said that Indian institutions must collaborate with foreign universities as they are lagging behind in exchange of faculty and students. <br/><br/>Addressing the inaugural ceremony of 90th year celebrations of Shri Ram College of Commerce , SRCC in New Delhi today, Mr Mukherjee said, he always took the delegations of vice chancellors on almost all his state visits and the academic interaction these vice chancellors have had with their counterparts was the most productive part of the visits. <br/><br/>The President said, ever since he took over as the President, he has been constantly stressing on improving the quality of higher education in the country in his capacity as Visitor of Central Institutions of higher learning. <br/><br/>He said, as a former teacher, he was convinced that if India is to have a place on the high table of international community, it must achieve the highest possible position in the field of education. <br/><br/>The President said, work being done to raise the standards of Indian universities and two Indian institutes made it to the top 200 list of the world's best universities. <br/><br/>Mr Mukherjee expressed confidence that many more Indian institutions will soon reach the top position in the world.