In our modern world, technology is reaching new heights. Virtual and augmented reality are being adopted as part of new education methodology. Students need more than a degree and good marks to excel in life. To drive and ride this change instead of being pushed aside by the transforming world, the students need to gain new sets of skills that will help them prepare themselves and stay ahead in this race. And a major part of this responsibility is shared by the Indian Higher education system. The universities have to brace themselves and develop a management to have Innovation And Entrepreneurship programs along with vocational courses that focus on the real-life skills.