Ten of India's institutes figure in the top 100 list, of the inaugural Times Higher Education BRICS (Brazil, Russia, India, China and South Africa) and Emerging Economies Rankings 2014.
India's neighbour China however, dominates the list claiming four of the top 10 slots and 23 of the top 100.
China's Peking University leads the rankings and Tshingua University is second. Taiwan, the Republic of China, has managed 21 slots.
Panjab University leads the Indian tally at the thirteenth slot, ahead of six IITs that figure between 30 and 47 slots. Panjab University's citation record got it the success. Other Indian institutes which figure on the list are Jadavpur University (47), Aligarh Muslim University (50) and Jawaharlal Nehru University (57).
Panjab University figured as India's topmost institution in Times Higher Education World University Rankings released this October.
The University, a new entrant, was placed at 226 among 400 institutions worldwide. IIT Kharagpur has slipped from 226 to 250 and IIT Roorkee is placed in the 351-400 band. The two other new entrants are IIT Delhi and Kanpur, both in the 351-400 group.
On the international front, while Russia has only two institutes on the list, Turkey has notched up three places in the top 10 and seven in the top 100. No institute figures on the list from Pakistan, Indonesia and Philippines.
Times has used 13 Indicators including industry income, innovation, students, teaching, learning environment and citations among others.