“Education is like a double-edged sword. It may be turned to dangerous uses if it is not properly handled”- T.Fang. This article is an attempt to show the importance and need of required amendments in the modern trends of the society in relation to education system in India. The share of Govt. sector in education industry is 95 percent as a part of socialist system we adopted in 1950s.But we are still far behind and could not catch the developing countries like China which got freedom from the occupation of Japan in 1949, two years later than us but has attained 90% literacy. We favored the socialist system as the poor can participate in the education equally, but could not deliver it properly. But the system proved good in quantity not quality. The education is the key to the growth & development of the economy. Today China is the world number 2nd economy because of the educated population. The rich are befooling the developing countries by misuse of the international terms of trade, keeping high technology with them & asking them to specialize in primary sector such as raw materials & food grains, Says Prof. Shang. The need of the hour is to rethink & revisit to the primary & secondary sectors of the education. We have to prepare the youth for the future building of the Nation by infusing good quality in them.