India has completed 75 years of independence. India has made radical changes in the agricultural, industrial and service sectors of the economy. At the same time, due to domestic and foreign investment in India, there has been a increase GDP recently. At the same time, we see an increase in foreign exchange reserves. It is now necessary to consider the current situation of the economy to take flight in the world as a developed country by 2047. In this regard, the research paper presented have attempted to review the challenges facing the Indian Economy.