Abstract
Cosmology is defined as the study of the large-scale structure of the universe. The scientific cosmology is a developing multi-disciplinary science regarding origin-evolution-future of matter and life. This science follows an objective approach by dealing with physical knowledge of the universe. Indian cosmology is a philosophical theory regarding the cycle of creation from infinite pure consciousness to matter and from matter to infinite pure consciousness. It deals with the creation of the cosmic mind and the microvita, and origin -evolution -future of matter, individual minds and life. There is important input from Vedic and Tantric traditions. This theory follows subjective approach by dealing with absolute as well as relative knowledge of the universe. Indian cosmology recognizes the intrinsic existential value of all living beings as well as inanimate resources. It provides the holistic perspective in which all the entities are accepted as mutually interconnected and interdependent. The paper will focus on the theoretical framework of Indian cosmology and emerging insight for practical lifestyle.