This paper looks at the state of higher education in India--in terms of policies and the trajectory that it has taken in the aftermath of neoliberalisation of the economy. Through studying the discourses that construct the edifice of the educational complex in the country, it unravels the dynamics of how economy, politics and education interact. Lastly, it explores the possibilities of countering the neoliberal offensive of capital and create a more egalitarian higher education system. (Contains 3 charts and 7 notes.)