The term "globalization‟ was introduced by Adam Smith specially for the field of economy in 1776. This term officially started in the last phase of 20th century. At that time there was no university anywhere in Europe, Takshasila, Vikramasila, Pallavi and Nalanda Vishavidyalaya in India were radiating the rays of higher education among the nations of home and abroad. Higher education is affected by global and it is a burning situation. Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis protects Indian higher education from global effects as well as may also help to extend and strengthen the market of Indian higher education in inland and abroad by matching internal strengths and weaknesses of the existing system with external opportunities and threats.  Higher education has achieved a key position in the knowledge society. The challenges faced are enormous and far reaching. Its impact on the individuals, institutions, systems and societies are not clear but it is viewed in context of various other factors that are operating high education system.  Globalization promises dramatic and rewarding change to the higher education systems, of societies, which are relatively stable needed to build well performing higher education system. Higher education trains the highly skilled workforce and contributes to the research base and innovation capacity. The main objectives of the studies are To  study the impact of globalization and liberalization on Indian Higher Education system. To know the strengths of Indian higher education system. To look into the weaknesses of Indian higher education system To study the opportunities and threats of Indian higher education system. The study will start with secondary literature search and the books, research journals, web sites, etc will be searched on status and conditions of artisans and craftsmen. The collected literature will be reviewed and the general backgound of impact of globalization on higher education. The Indian higher education system referring secondary literature. The impact of globalization and liberalization on higher education is deal with technical/legal issues of the agreement, education policy issues such as access, accreditation, quality, funding, and intellectual issues for society such as the role and purpose of higher education.  Both the quality and quantity has to be improved in our education system and certainly with a faster pace. Education is certainly an “Opportunity” for the “YOUNG” India if delivered responsibly and equally to all the stratum of society. A new revived education system should be introduced which focuses on equitable, inclusive and sustainable growth along with provision of professional knowledge and skills.

Keywords: Globalization, Liberalization, Higher Education, SWOT, Secondary Literature.