India became independent on 15th August 1947. After independence, India adopted a mixed economy. Indian Government emphasized the development of various sectors through planning. The Growth rate of Indian Economy, which was close to 2 to 3 per cent at the beginning of the planning period, it increased up to 8 per cent in the Eleventh Five Year Plan. Emphasis was laid on the development of various sectors of the economy through the Five-Year Plans. In the last 75 years, the economy has made great progress in the agriculture, industry and services sector. During the drought period of 1972 our country had to import large quantities of food grains, and now as a result of Green Revolution, we are producing large quantities of food grains in our country.