The key purpose of this study was to design and develop a new taxonomy of educational objectives for the 21st century learners; in view of the recent theoretical perspectives, needs of learners, value-based education and the up-to-date technological advancements, in order to accustom to the distinct educational and cultural milieus in India. This had been attained through the review and analysis of the prevailing educational taxonomies, extensive grounded theory approach, construct building exercises, discussions, and interactive and brainstorming sessions. The new taxonomy evolved out of the study is proposed to be named as "Taxonomy of Ingenuity and Connectedness (TIC)", and is aspired to have the ability to impact the modernization of classroom ecosystem and the modification of educational management principles and practices; as well as in curriculum designing at various levels of learning, and teacher education curriculum. Also, the interaction process and educational architecture of the 21st century classrooms could be improved in view of the outcome of the present investigation by creating an effective and inspiring environment.