Indian Folktales and Indian fables are exorbitant and rich keeping in pace with the huge diversities and variation. Although India is a multi- lingual and multi -religious nation, a unity is easily identified; and it is through the metaphorical cord of Indian fables the unity is recognized. Since time immemorial the myths, arduous beliefs on magical qualities and supernatural practices, social norms have become an inevitable part of the Indian fables.

What is even more interesting is that through generations Indian fables are transmitted and gestated verbally. There is hardly any documentation. It was during the British rule only efforts were taken to preserve Indian Folktales and Indian fables in its original silhouette and format. Study unveils that the forms of Indian Folktales and Indian fables are wide and self -encompassing and the brilliance of the Indian Folk Art, the anecdote of the Indian Folk tales, the heroic deeds of the Indian Folk Heroes and even the mysticism of the Indian folk deities all are classically unified to delineate the outlines of Indian Folktales and fables.

With its wide range of stories, from historical to mythological legends, which emerge from all walks of life, from the remarkable `Panchatantra` to `Hitopadesha`, from `Jataka` to `Akbar-Birbal` , Indian fables have weaved that magic thread to captivate, mesmerise and at the same time to teach moral, spiritual and social values. Even the great Indian epics like the Ramayana and the Mahabharata teamed with the religiosity of the Bhagavad Gita marks Indian Folktales as the perfect stories for children whilst instilling great virtues.

The grand assortment of the Indian fables has extraordinary legends and tales that are liked, perhaps loved by people of all strata of the society.