In India's developing economic system, forensic accounting—the blood hound" of the financial industry—is becoming more popular as a way of thwarting rising monetary fraud. This study examines the brilliant future of the sector while also recognizing the good-sized limitations to development. Positive tendencies are shown by using extended consciousness and programmes like the Serious Fraud Investigation Office. But boundaries still exist. The fraud surroundings have modified; economic services may also have fewer incidents mentioned now that controls have been tightened, but media, telecom, and technology may be more susceptible. A statistically enormous relationship among years and predicted losses is shown by way of the statistics, which is concerning and emphasises the need for preventative movement. A few specific problems encompass the extreme lack of certified detectives, political meddling in investigations, an intricate and highly-priced criminal system, the increasing intricacy of international fraud, and the velocity at which criminals use technological breakthroughs. India's forensic accounting atmosphere requires strong industrial alliances, targeted regulatory reforms, and rigorous instructional programmes as a way to fully recognise its capability in combating economic crime. At that factor, the bloodhound" could be able to discover and stop economic misconduct successfully, shielding India's monetary future.