Education in ancient India was considered important by the society and was given to the three upper classes namely : Brahmins , Kshatriyas and Vaishya. Education in ancient India had a deep impact in the achievement and advancement of the early society and over all development. The poor were not given an opportunity to improve their lot in life. Females were also denied an education by virtue of the “fact” they would get married and so an education would be “wasted” on females. In contemporary society people have realized that an education translates into opportunity and hope for the future. The ability to get an education, to foster creativity and curiosity, to seek answers will allow mankind to continue to grow. They try to encourage all children to reach for their fullest potential. Teachers are better qualified. No longer can a child, barely in their teens, become a teacher. The brick and mortar classroom is fortunately a thing of the past. An exploration study will be done through contextual inquiry using secondary data and primary data will be collected through Focus group techniques and observation study. Managerial conclusions and suggestion will be made based on the descriptive study. This paper will discuss issues how such a development can lead to challenges to global economy.