Policy makers in India and other developing countries, since last decade, are talking about creating what they called the 'World Class' universities. When it comes to the Indian scenario, we have a very complex situation out there. Indian Higher Education system suffers from a lack of adequate financial resources, intellectual resources, and the government will, in absence of which, the creation of academics is undesirable in the hands of the bureaucracy. And when such fashion overhypes, and talks about creating World-Class universities instead of tackling any constraints in the existing system, it becomes tricky. It is important to appreciate the ideas of institution building and global excellence that would constitute a World-Class university. There may not be a global consensus on the definition of what a 'world-class university' is. This book is a humble effort to assimilate different views and informed opinions of the senior and experienced fraternity from various areas of Higher Education.