At a time when India has undertaken a long and arduous yet rewarding journey in the field of education, it has nevertheless already been successful in leaving a great mark on the global level. Given the credit, the universities of our country are charged with the responsibility of moulding young people into productive and enlightened citizens with an aim to create an inclusive and sustainable development. The path to reach this goal has to be paved by the enterprising, intelligent and resourceful youth of the country. It is a matter of deep concern that the rise in the number of educational institutions in the country has not led to corresponding improvement in the quality of education and as such there is a need to reengineer our entire education system. The ‘one size fits all’ approach followed by us so far will not take us anywhere. The young people should be given the space to think freely. Only half the time of a student should be spent in classrooms; the rest should be spent in the community, in the playground, in nature and in open air to ensure balanced education. Our students should not let their degrees and mark lists limit themselves which are just foundations. The private sector also has to play a more active role in meeting the demands of higher education and find ways to cross subsidise the education for the poor and the needy. There is a need to restore India’s ancient glory as a prime destination of quality higher education.