Financial administration as a discipline has now acquired a status of a well-established branch of learning. The scope and role of financial administration is widening every day. This is mainly due to the fact that the concept of financial administration has wider and broader application in our organizational life. No organization can survive without having appropriate financial system. As such the need for a sound and well established system of financial administration is a must for every organization. When one goes through the developmental perspective regarding financial administration; one noticed many important changes that have taken place in last few decades. These changes are mainly concerned with modification and development in the concept of finance and its implication in the changing role of financial administration in our life. It is difficult to imagine a well-managed institution without having a systematic financial administrative system. In the present paper the researcher has traced out some important issues related to development of financial administration in India.
