Abstract

                         The changes and challenges in higher education in the 21st century where internet and digital technologies are reshaping the way we think and live. Our daily lives are intertwined with digital technologies like social media, smart-phone, tablets and e-commerce just to name a few. It is worrying that India does not have any world class institution of higher learning and that the key indicators of business education were not encouraging. The world is witnessing knowledge explosion but India is lagging behind in terms of quality and universal education. We are no doubt a great and upcoming nation, that being the position, we have far greater challenges compared to the developed countries. The government is keen to create world-class universities. It must understand that world-class institutes are not created; they evolve over decades and centuries, nurtured by respect for knowledge, policy and adequate funds. Contrary to the global trend, pioneering educational institutions of India languish and decay, instead of evolving to greatness. In this observational study covers engendering technological excellence in higher education through India’s education system, crisis in India’s higher education, our countries management education system failure,  India needs own model of management education, some of Critical Quality factors in management education, few attributes to draw attention, various steps to improve education quality and student achievement with outcome based education and follow-up of developed economies phenomenon-based learning system.

Key words: Higher Education, Critical Quality factors, educational institutions, India