Indian economy is growing at a fast pace now a days. Due to the structural transformation, share of primary sector in G.D.P. is continuously decreasing while the share of industrial and service sector in G.V.A. and G.D.P. is increasing rapidly. Due to globalization many new sectors like I.T., Yoga, Electronic, Leather, etc has been emerged. Due to the huge revenue earned in these sectors, government tries to get income from them. Therefore various types of taxes have been introduced in Indian economy.

KEYWORDS:  Indian economy, GDP, GVA, Globalization, Structural Transformation.