The Government of India has spelt out its vision Viksit Bharat @2047, Higher Education serves as the "Knowledge Spine" tasked with transforming India’s demographic bulge into a high-value human capital engine. The objective of this paper is to take an overall view on the role of higher education in the mission Vikasit Bharat 2047. Academy-industry rapport helps develop innovative solutions for national problems by promoting industry-academia cooperation. Second, developing human capital requires higher education. It equips students with critical thinking, problem-solving, and leadership skills necessary for India's global competitiveness By 2026, this role has shifted from mere degree-granting to creating a global talent corridor, where universities act as incubators for a $30 trillion economy. The Education Ministry - Government of India had announced its New Education Policy in 2020 and the same is being implemented currently. In this NEP -2020 the higher education in India plays a pivotal role in turning out the graduates which will be fulfilling the expectation of the industry from the graduates. The industries will not be required to put heavy investment on their further training so heavily. Even to day we find some industries have come out in drafting their on syllabus jointly with the universities which will fulfil their basic recruitment norms and thereby having a positive impact on the employment scenario. The universities are whole heartedly implementing the Apprentice/internship requirement. The universities are developing rapport with the industries to fulfil their expectation. The Ministry of Education of the Indian government has meticulously outlined its vision for the role of higher education in the broader Vikasit Bharat 2047 objective. The University Grants Commission has also issued several directives to universities and is closely monitoring the implementation of the modifications. It should go without saying that India will eventually gain from finding a solution to the unemployment issue. The response to the government's widespread implementation of skilling initiatives has been outstanding. The business community has also banded together to support youth in developing their abilities.