Corporations, now a days face pressures from different stakeholders of the
business environment and the changes in the environment have created threats
to all of today’s organizations. The traditional contributors of economic
development and economic power such as material resources and production
capabilities have been replaced by knowledge and information. Globalization
has resulted in significant changes in the knowledge economy and ushered in
new conditions for the provision of higher education to cater to skill requirement
across the globe. The key elements of globalization include the knowledge
society, information and communication technologies, the market economy, trade
liberalization and changes in governance structures. These elements of
globalization have impacted significantly the education sector in general and
higher education in particular. The present study critically analyses the growth of
higher education sector in India and identifies the major concerns of quality. It
also evaluates the preparedness of the country for the opening up of its borders
for foreign institutions and an attempt to understand the change process. This
research has been mainly done on existing literature of management education.