Education is no longer limited to the transmission of knowledge; it is a transformative process that shapes ethical behavior, cultivates values, and fosters innovation. This paper critically analyzes the interrelationship of ethics, values, and innovations in education with a dual focus on Indian and global contexts. Using a qualitative exploratory method, the study draws from secondary sources (books, journals, policy reports of NEP 2020, NCERT, UNESCO) and insights from 50 participants including teachers, students, and administrators from Maharashtra, India.

Findings highlight that technological innovations-AI, ICT, MOOCs, blended learning-have expanded access and personalization, yet also created risks such as digital divide, commercialization, and ethical misuse. Value education, though emphasized in NEP 2020 and UNESCO’s Global Citizenship Education, is poorly implemented in practice, with students showing limited awareness of digital ethics. Ethics in education, including fairness, accountability, and transparency, remain fragile due to exam malpractices, favoritism, and lack of digital responsibility.