PUDUCHERRY: Pointing out that there was a dearth of high quality academic institutions in the country, President Pranab Mukherjee on Wednesday regretted that Indian universities were not counted amongst the top-ranked universities in the world. "Unfortunately, it is a sad reflection on us when the universal ranking of universities comes out. There is not even a single Indian university among the top 200," Mukherjee said at the 23rd annual convocation of Pondicherry University. Stressing on the need to keep pace with change, he said the 12th Five Year Plan would focus on 'expansion, equity, excellence, governance, funding and monitoring'. "These aspects have to be implemented in the right spirit for the higher education sector to see far-reaching changes. The academic curriculum has to be updated regularly. The assessment system has to be made more reliable and objective," he said.