The former President also lauded the country's first prime minister Jawaharlal Nehru for the planned development of the country under him through the Planning Commission.
A large number of MPs, senior Congress leaders and thousands of party workers also paid tributes to Nehru at Shanti Vana on his 130th birth anniversary.
The foundation has Hans Mobile Medical Units and Health centres under it that benefit close to eight lakh people annually.
According to Shri Bhagwan Sharma, the Delhi chief of the HSS, the institution was established in 1932 at Kingsway Camp here and registered in 1934.
Pranab was speaking at the launch of Delhi Deputy Chief Minister and Education Minister Manish Sisodia's book titled 'Shiksha' in Delhi on Teachers' Day on Thursday.
Raising concern over rising corporate frauds, he said that in the last few years, the frequency of such scams has been "astonishing".
Indians should invest more in basic educational research for the better development of the country, suggests Bharat Ratna and former President Pranab Mukherjee
Marking the 39th Foundation Day of GITAM Deemed-to-be-University, the institution awarded former President and Bharat Ratna Pranab Mukherjee.
Mukherjee was conferred the highest civilian award by his successor Ram Nath Kovind on Thursday.
Jan Sangh founder member Nanaji Deshmukh and cultural icon Bhupen Hazarika were also awarded the highest civilian honour of India.
Mukherjee's life-long political career spanned about five decades, during which he held various key posts in the Congress as well as in the previous governments.
Mukherjee recalled that some Lok Sabha elections have been won by massive majorities, but the vote share for any party has not crossed the 50 per cent mark.
Pranab said that foundations for India to become a 5 trillion-dollar economy in future, are laid by previous governments including that of Jawaharlal Nehru, Manmohan Singh and Narasimha Rao.
They have started believing that it is their primordial identities that should be the basis for a claim on the State’s moral commitments,” he said.
During the book launch function, Yashwant Sinha spoke about the stormy relationship between bureaucrats and politicians.
Former president’s advice to next gen: Humanity and universal brotherhood