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Abstract
India is regarded as one of the Fastest growing economy in the world. Since 2010, while emerging economies witnessed a declining trend in growth rate, India’s growth rate showed increment. This led to global policy, markers trying to understand the Indian economy better. Since 1991, the Indian economy has pursued free market Liberalization, Privatisation, Globalisation (LPG), greater openness in trade and increase investment in infrastructure. This helped the Indian economy to achieve a rapid rate of economic development. The composite index for India stood at 54.8, whereas for China it is 51.4. India has to concentrate on its driving sectors of growth. The paper presents the emerging trends, issues and challenges which Indian economy has to face in forthcoming years.