Millets have high nutritional qualities and produce well under marginal conditions but they are not used to the extent that is possible. It is a number of small-grained cereal grasses and based on the grain size, millets classified as major millets and small grain millets. Major millets include sorghum and pearl millet whereas small grain millet includes finger millet, foxtail millet, kodo millet, proso millet, barnyard millet and little millet. Millets are rich in minerals and vitamins compared to rice and wheat; millets have the huge potential to provide security of food, nutrition, fodder, fiber, health, livelihood and ecology. In view of all these qualities those they so amazingly combine, millets only be called as Miracle Grains/ Nutria-Cereals. Inclusion of millet crops in a concerted way in cropping systems and also particularly in fragile ecosystems, is a virtuous move towards sustainability. Also, importance in marketing and value addition improves the millet cultivation. In this connection, the present study was carried out to examine the scenario of millets in India from 1950-51 to 2018-19 and data were collected from ministry of economics and statistics, seasonal and crop report and analysed by using compound growth rate. The growth rate of millet area and production registered negative growth i.e., area and production declining at the rate of 16.31 per cent and 13.58 per cent per year respectively. In the same way productivity was declining up to 2005 after that, it showed positive growth (3.23 per cent). Also, studied the economics of crops and observed that cost of cultivation for millet crops (sorghum and maize) compared to other important crops was lower i.e. Maize - ` 85915/ha, Sorghum - ` 47830/ha. In the same way, gross income realized by millet farmer was also low except maize crop. In India, the cost of cultivation was high in Tamil Nadu for most of the millet crop across the states due to the high human labour cost. Hence, there is a need to formulate suitable strategies considering the economic value of the crops. Therefore, the study came out with conclusion of proper cultivation practices, marketing and processing should be given to improve the millet production in India.