Finance ministry should focus on setting up of more universities and state of art science and technical institutes. After Nehru vision of setting of IIT’s and IIMs no other government concern about build such kind of institutes in other disciplines. We hardly having 350 plus universities in India are disgusting compare to other developed countries of western. Government vision to at least every state capital should have the institute of IIT, IIM and AIIMS. Education is the main component to eradicate poverty and preventing people from following blind customs in the name of god and culture. In the fast changing economy and what we call it present era is knowledge era to survive in this ere everyone should have quality education to compete with global contenders. World Bank and some other financial agencies predicting that India will be third biggest economy in the world in 2050 moving down to UK. To achieve this and preventing other nationalities from occupying white color job we should provide our children’s to international standard and market demanding education. Naryan Murthy says that only 10-15% of fresh engineering graduates eligible for observing in highly skilled information technology sector.

Finance minister Mr.P.Chidambaram reserve more amount to build branded institutes across the country to counter challenges and harvesting the new economy benefits.