Globalization has been a subject of debates and discussions from numerous perspectives. There is no doubt that globalization has profound implications for the future of higher education worldwide. While the debate relating to foreign universities coming into India or private investment in higher education is very important, it is critical to examine how India as a country will face up to the competition posed by institutions world wide in attracting Indian students for pursuing educational opportunities abroad. Inevitably, the need for raising academic standards, creating a better research...