While there is much talk of Industrial Revolution 4.0, it is important to recognize that India first should endeavour to ensure a basic international standard expected in its Universities or Institutions operating at National, State and Regional level. India is at the crossroads of making a leap into a higher orbit and enter premier league of the world based on its strong human resources from a large population and seven decades of sustained efforts to (re)establish itself in various sectors of economic and intellectual activity. In India, higher education imparted by universities is facing challenges in terms of Access, Equity and Quality. The Indian Higher Education System has established itself as the largest system in the world in terms of number of institutions and third largest in terms of student enrollment (after china and USA). The present paper is a conceptual study of the Higher Education in India.