Abstract:The Indian Knowledge System (IKS) represents a holistic, integrated and indigenous framework of learning and living that has evolved over millennia. The IKS offers a unique blend of theoretical depth and practical wisdom. It is embedded in the Vedas, Upanisads, Sastras, Purans, epics, classical literature, folk traditions, and oral narratives, and continues to shape India's cultural and intellectual ethos. In the current global scenario, there is a renewed interest in traditional knowledge systems to address modern challenges such as ecological crisis, mental health, educational reforms, ethical leadership, and cultural identity. The National Education Policy (NEP) 2020 emphasizes the inclusion of IKS into mainstream education to promote critical thinking, holistic development, and self-reliance rooted in cultural values.The core of IKS lies in its emphasis on holistic understanding, experiential learning, and the integration of knowledge with contemporary contexts. Contemporary challenges are in areas like Health and Wellness, Education, Sustainable Development, Environmental Conservation. Panchatantra is ripe with entertaining stories loved with timeless teachings and moral values.Arthashastra is arguably the greatest treatise ever written on political, military, and economic strategies by a shrewd man popularly referred to as the Indian Machiavelli. Bharata'sNatyashastra considered tobe the fifth Veda propagates righteousness, good reputation, long life, well being and increase in mental ability. My paper is all about howPanchatantra, Arthashastra and Natyashastra effectively deal with some of the contemporary contexts.

Keywords:IKS, contemporary contexts, theoretical depth, practical wisdom, self-reliance.