Indian Economy is growing economy in the world. For the last 60 years of economic development the growth path has changed substantially. However the growth trends in constant series have not wide ups and down. There is a considerable structural Changes in the composition of different sectors. The policy makers have adopted various types of development strategies in the past. The study revealed that due to past adopted strategies the economy became strong economy in all fronts. The economic reforms has helped to compete with other developing economies of the world.