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This paper embraces the study of quality parameters of higher education institutions responsible for producing employable graduates and thus resulting in enhanced industry acceptance and eventually employability. The newly introduced National Education Policy announced by the Government of India in 2020 is also being studied and discussed to detail the challenges associated with the Indian Education System, its current stature, and the scope of modifications with an intent to enhance the employability of young graduates. As a case study, the USA education system is studied to understand the unique quality parameters as per the global ranking agencies like THE World Ranking, QS, etc. associated with the employability and quality of education at education institutions.