Prior to the Twenty-first century, human academic endeavor across the globe was highly dominated by the feudal economy and subsequently by modern industrial economy. The dawn of twenty first century witnessed the evolution of knowledge economy, the supreme form of economy that world in its annals of history has ever had. Educational policies that were chalked out toward the end of century in India though acknowledge and highlight our failures in terms of poor execution and supervision, yet the significance and relevance of policies relating to school education cannot be ignored. Indian schooling system has been emerging as potential education sector and thus has been successfully feeding significantly with adequate human resources to higher education sector.As a result, Indian higher education system in its true sense is the single largest in the world. Though Indian higher education sector is displaying colorful achievements in all possible directions, as a system it is not far away from growing criticism both at local and global levels. Qualitative interpretations in introducing Indian education is being eluded with the quantitative expansion thus generating a need for landscaping the prevailing form of Indian higher education in the context of globalization and privatization.
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