Introduction of Economic Reform, replacement of GATT by WTO and signing of GATS have globalised education with 12 classified sectors, covering 161 services. In th changing situation education has become tradable being determined by market forces. Teaching and learning are no longer meant for building a nation but a business for profit making. The present work is th outcome of research work of many researchers, senior faculty members and educationists from all over the country. The researchers have studied the nature and working of Indian institutions to carry out their vision and mission in future in the light of the entry of global players in the education sector, the emerging trends of education, consequent challenges, their ways of mitigation and apprehension of future crisis collecting data both from primary and secondary sources. It is certain that the valuable contributions, views and suggestions of researchers will be of immense help to the future researchers, policy makers, administrators, social thinkers and educationists in solving the problems of the sector and to introduce policy measures for the educational development in general and higher education in particular of the state and the country. About The Author: Dr. Sudhansu Sekhar Mishra (b. 1959) obtained his M.Com. degree in 1981 from MPC College, Baripada, Mayurbhanj under Utkal University. Vani Vihar, Bhubaneswar. He was awarded M.Phil. degree in the year 1990 and Ph.D. degree in 1997 from Nagpur University, Nagpur Maharashtra. Dr. Mishra has completed many research projects sponsored by U.G.C. Kolkata and ICSSR, New Delhi and organized both National and State Level Conferences and Seminars on Commerce sponsored by U.G.C. Kolkata. He has jointly edited the book "Regional Rural Banks and Agriculture Development" and "Corporate Social Responsibilities and Industrialization". He has been working as Lecture in Commerce since 1982 and Senior Lecture since 19