President Pranab Mukherjee said the scale and speed of changes happening around the world are unprecedented and so are the challenges. (PTI file photo)
Noting that a good public policy with poor implementation is of no value to the nation, President Pranab Mukherjee today said dynamic nature of world calls for adopting and developing appropriate public policies.
He said the scale and speed of changes happening around the world are unprecedented and so are the challenges.
"This dynamic nature calls for adopting and developing appropriate public policies," Mukherjee told a group of students of Indian School of Business, Mohali, who had called on him in New Delhi.
"What is read in literature about public policy today will change in few years. This calls for constant upgradation of skills and knowledge even on the part of the specialists," the president said.
He said human capacity has been a key determinant in the rise of nations. "Even today, the race among nations is not necessarily won by those with immense resources, but by those who have the capacity to make the most effective use of those resources for building the nation.
"That capacity is directly related to the ability to make effective public policies and to implement these policies effectively. A good public policy with poor implementation is of no value and significance to society and nation," Mr Mukherjee said.
The president said the treatise of Chanakya on public policy discourse has always been a guiding force in the area of public finance, urban governance, security and diplomacy.
Public policy is an area of study which has great relevance to our continuing task of nation building, he said.