India, with a large mobile subscriber base and a high penetration rate, has become a conducive market for offering allied telecom products and services other than just voice and data. Machine-to-Machine communication (M2M) is one such area that has gainedenormous significance in developed economies over the past decade. With its potential to connect varied devices and make them talk to one another, M2M has found its application over a large spectrum of industries that include Healthcare, Automobiles, Utilities, Security and monitoring systems, Consumer electronics, Logistics and fleet management and Manufacturing. After being successfully implemented in Europe and North America, now is the right moment to analyze feasibility and fitment of M2M in the Indian market. Nevertheless, India has always been a unique market in terms of its population size, demographic diversity, agricultural background and industrial reliance. This paper aims at understanding the differences between Indian and global markets with respect to potential benefits offered by M2M. Theimplementation feasibility, financial dynamics and distinct advantages of M2M in major sectors of Indian economy are evaluated.Sectors such as Agriculture, Healthcare and Utilities that would benefit most from M2M implementation are discussed in detail. The development of entire ecosystem that would come up as a result of M2M introduction would also be analyzed. In entirety the impact of embracing this innovation on the Indian economy is discussed.