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He highlighted the importance of higher education. "Higher education holds the key to the country's bright future for creating a knowledge-based society. Government's expenditure on education has increased in the last nine years from three per cent of GDP in 2002 to 4.8 per cent in 2012," he said.
Vijay Thadani, chairman of CII national committee on school education, said dropout rates at the secondary level can be tackled by introducing more vocational courses, partnerships and greater engagement with NGOs.
"Our future administrators and industrialists must possess knowledge and skills for growth, but we haven't got everything right yet," Tharoor said.
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