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Education Sector in India has made a yeoman s contribution in the development of the nation. A detailed review of all these stages of development in general and the status of Business Education in Maharashtra State in particular has been the core part of this book. Further, in view of the challenges in future, a number of solutions and steps have also been suggested. India will play a leadership role in education, even of the Asian nations in the years to come. India is an emerging economy in different directions. Besides the rapid industrialization and participation in the World Trade, Education is one of the sunrise industries. Today, India is looked at as the leader of Asian nations and the second largest democracy of the World. The field of Higher Education in general and Business Education in particular in India, has evolved over a long span of time.