FDI has been one of the defining features of the world economy over the past two decades. It has grown at an unprecedented pace for more than a decade. Liberalization of foreign investment regime is an integral part of growth of FDI. This paper is basically a discussion paper and it will investigate the impact of FDI in the education sector in India. With that it will sum-up the views of top educationalists from various areas. This paper will further throw emphasis on pros and cons of FDI.