Indian economy is a developing economy in which Agriculture is the back bone of Indian economy.60% of Indian’s population are on the below poverty line. Majority of the people of Indian are leading a poverty line. Indian economic is affected by it. Countries which are on the part of progress and which have their potential for development are called developing economic. So India is termed as developing economic by modern view. Indian economy is mixed economy where the public sector coexists with the private sector. India is likely to be the third largest economy with a GDP size of $15 trillion by 2030.The economy of India is currently the world’s fourth largest.