The current study titled “Higher Education in India –The Past Glory of Excellence, the Downfall, and an Attempt to Rise Again” is a quantitative study to analyse the perceptions of people about the Higher Education in India. The investigator used random sampling method to collect the information through an online survey. The sample consisted of 40 individuals who are directly or indirectly involved in the higher education system. The study revealed that India had enjoyed a well renowned higher education system and world class universities. India contributed immensely towards Science, Mathematics, surgery and medicine. But the statics show that now India’s performance in higher education in the global level is alarming and shameful. The young generation wants to move to world- class universities abroad for their higher education. The findings of the study shows that most of the respondents are aware about the positive aspects, negative aspects, brain drain and the current scenario of Indian Higher Education System. The finding also shows the Indian Education System needs radical changes and more investment from the government towards its development. There was a strong opinion that Indian universities should respond to global changes and also work hard towards the skill-based training rather than the age old theory-based learning.