It can be undoubtedly stated that, over the ages, the wealth or poverty of nations largely depends on the quality of higher education. Further, one can look forward to a lifetime of unprecedented economic fulfilmement with a larger repertoire of skills and a greater capacity for learning. The education sector is a rapidly changing sector and this dynamic culture offers a challenge for the educational institutions to lead or to actually survive in this competitive environment. As the education sector, especially higher education, is a part of the overall service sector, this raises the need for a solid base to be developed to reach for high quality service. With burgeoning growth of higher education sector in our country and the increasing competition at the national and international level, the need for improving the quality of education and employability of our graduates and postgraduates has acquired a new urgency. The major challenges in achieving excellence in higher education are many and difficult to achieve in comparison to other industries. This paper basically focuses on the present status of higher education in India, their problems and challenges as far as quality is concerned. The main aim of this paper is also to study the role of different key regulatory agencies and quality regulatory boards for higher education in India. This study has been conducted by consulting existing literature through historical, analytical and secondary data.

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