Vol. 1, Issue 9, Part J (2015)

Abstract
Macro level factors have direct and indirect bearing on the higher educational institutions of the under developed and the developing countries. With the advent of changes that took place in worldwide economic order has immense consequence for higher education more so under the changes that have taken place in the recent past with regard to globalisation, industrialisation. Information technology advancement and its impact on education aided to the policy changes that have taken place at the organisations who are at the helm of affairs for the administration of higher education in India. India recognizes that the new global scenario poses unprecedented challenges for the higher education system. Globalization has led to increased interdependence of the countries worldwide for marketing of services, flow of capital and of course human migration and exchange of technology. However, this is also a fact that this model of globalization is actually intended to benefit the developed countries more than the rest. The role of higher educational institutions is to produce an intellectual leadership dedicated to the principles of the Constitution i.e. Justice, Liberty, Equality and Fraternity. In order to achieve the same, we need to introspect about the extent to which the existing education system is striving towards achieving the same.