Expansion and management of healthy economic system is an essential prerequisite for sustained and steady growth of the economy of any nation. It is a vital requirement of any developing nation to boost its economy and related areas so as to make the nation strong in all directions. Remembering the 75th anniversary of Indian independence, it is of great importance that we a relook at the voyage of banking in last 75 years and the present scenario of banking. Country has significantly improved its status in the modern world of economy and is constantly in process of ensuring a steady exponential growth in the field of all sectors. We have moved at a very fast pace in all directions and in all fields so as to ensure that economic growth is achieved in a significant way. Furthermore, sustainable development has also been on cards with for last few decades as it is important for our future generations. In last 75 years, Indian democracy has also grown and has come a long way. The stature of India has also grown tall and now we are considered as powerful nation with strong economy. After hard earned Independence, it was time to adopt the legislative democracy, solve the issues and challenges related to internal security and external intimidations, creating and developing paradigm that includes experiences learned from other nations in similar circumstances yet letting it be in perfectly related to our own ways. There were huge improvements and achievements in the field of science and technology, education and research and sports as well. The advances in all fields have effectively improved the financial status of society and thus India has emerged as strong economy in the world. This paper deals with the advances occurred in the commerce and economy of India in last 75 years. India in last few decades has gained several levels of uplifts in economic sector. The economic journey of India after Independence has seen its share of ups and downs. Once tagged as the third world country, India is now one of the biggest economies of the world. Still there is a long way to go. To develop the economy more, it is need of hour to ensure the expansion in all the field should happen with sustainable development.