Education is the fourth necessity for man after food, clothing and shelter, in today’s competitive world. Education is indeed a powerful tool to combat the cut-throat competition that man is faced with at every junctures in life. The importance of education in India is indeed rising with passing time. Though India has always been a great source of learning for many years, it still

needs to improve not just on the quality of education but also on the number of people being educated. It is after the 1991 reforms that India entered into a different phase all together. Privatization and globalization helped to bring world class education to India. Higher education in India is indeed gaining distinct importance in specific cities across India. Even though the private sector is strong in imparting higher education in India, there are systems of

accreditation that are required by law.