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The present paper examines the impact of reading habits on the academic achievements of the students and faculty members in the universities of Karnataka state. The survey was conducted using a well design and structured questionnaire. A total of 2463 postgraduate students, research scholars and faculty members participated in the study. The study population consisted of an equal number of males (50.2%) and female (49.8%) and most of them (63%) are from rural areas. The study found that the majority of the respondents are from Science (48.8%) disciplines. The study found that almost all the respondents have reading habits and most of the them read at their home (69.1%), followed by university library (48.6%). It is very interesting to note that 57.7% of the respondents read books everyday. The study found that, most of the respondents preferred to read newspapers/magazines (69.5%), followed by books (58.9%). The study found that to a great extent, the majority of the respondents read various information sources, because they are interested in the topic of the study (53.2%). The study found that, the reading habit has made an impact on the academic achievements of the respondents. Further, it is found that reading habit has been acting as a channel for gaining real world of knowledge. Further, it also improved mental capacity and enhanced the reading skills in everyday life.