In the day to day life of human beings, the contribution of a healthy ecosystem is very important to get clean water, productive soils etc. Large number of the population depend on the ecosystem. Gross Domestic Product (GDP) gives economic performance of a country but it has a limited representation of natural capital that underlines this revenue. Natural capital means all environmental assets and ecosystem services like water purification, air filtration etc. As this capital is required for the economic development, employment, and increase in the Gross Domestic Product of any country. Depletion or degradation of these natural capital may occur as a reduction in the country’s wealth and resources. Therefore it is required to do the valuation and proper measurement of an environment by all the countries through Natural Capital Accounting, which is measuring the full extent of a country's natural assets. This study has been undertaken to examine and study the Natural Capital Accounting and Valuation of Ecosystem Services of India. The goal of the research paper is to focus on the importance of valuation of natural resources used by human beings for his economic development. It is observed that in the world nowadays many countries have started working on it, and many countries have started following the System of Environmental Economic Accounting (SEEA). The study is based on secondary data collected from reports of SEEA and NCAVES India.