India an emerging economy and having inestimable resources is continuously moving towards sustainable growth and development. Finance plays significant role in construction of a strong economy and its well-being. Hence increasing rate of financial crimes lowers down the graph of economic growth and development. Country has witnessed various scams and scandals. Forensic Accounting which is a standardized and specialized form of Accountancy can be proved helpful to reduce the risk of financial frauds and misconducts. The paper focuses on the concept of Forensic Accounting. Paper presents an overview on Forensic Accounting. The main objective of this paper is to describe the need and significance of Forensic Accounting in India. To attain these objectives data has been collected from secondary sources such as news-papers, various websites and reports issued by authorities of Government of India. Content analysis method has been used in this exploratory study. This study concludes that Enforcement of Forensic accounting in present scenario can be proved more beneficial for good financial health of Indian economy.

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Keywords: Forensic Accounting, Forensic Accounting Techniques, Financial Crimes.