With the emergence of Knowledge Society, knowledge driven and dominant economy has emerged in last few decades in the world. This implies that power of knowledge is increasing significantly in social, economical and cultural aspects of the world. Countries with power of knowledge creation have advanced in science and technology and subsequently rules over other countries. Country’s ability to create knowledge is reflected in its ability to produce quantity and quality research outputs. One of the indicators of research outputs is Doctoral Research leading to the degree of Ph.D. in Universities. Present study attempts to provide a description of comparison of doctoral research output in two related faculties; i.e. Faculty of Commerce and Faculty of Management in the State Funded Public Universities of Gujarat during the year 2006 to 2015.

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Keywords: Knowledge Society, Dominant Economy, Social, Economical and Cultural Aspects.