After the mushrooming growth of the institutions providing technical education in India, questions are being raised about the quality of education dispensed to technical graduates. The purpose of this study is to recognise the various factors, in order of their importance, that are responsible for declining quality of technical education in Punjab, India. A structured questionnaire was administered to a random sample of 465 students and 310 teachers from 31 engineering institutions of the Punjab region in India. Kendall's Coefficient of Concordance was used to analyse the data. The result of the analysis of factors leading to deteriorating quality of technical education in Punjab reveals that at aggregate level, students have assigned rank I to economic factors; the teachers has assigned rank I to ethical factors.