Historical Background: India and China are two most populous nations of the world. Both are developing nations on a fast growth trajectory. However, both the nations face a daunting task of educating their rapidly growing populations. Education of the citizens is vital since it determines the level of progress and development and prosperity of the two nations. And it is not just the provision of the basic or elementary education that determines the trajectory of national growth but the level and extent of higher education determines the development of the full potential of the populace. But just as basic education was a late comer to these two countries, the arrival of higher education too has been quite recent in comparison to the western world.