Veganism is the fastest growing food trend in western countries. It has also started to spread its wings in India. It is essential to ze and understand the nature, scope, advantages, and disadvantages of the system before it flourishes with unanticipated consequences. Limited literature could be seen on this emerging concept with an Indian perspective. Thus; this paper explores all possible impacts of the vegan diet on multiple aspects like agriculture, dairy sector, health, climate and environment, economy, and the emergence of new agro-based industries. Several national and international research and review articles, annual reports and internet contents were collected and reviewed for this paper. Vegan dietary pattern equally has both pros and cons in terms of health, environment, and economy. Thus most in-depth research and proper investigation are required to streamline the emerging concept to reap maximum benefits.