Events in the year 1978 in the Republic of India.
- National income - ₹1,126,714 million
- 1 January – Air India Flight 855, a Boeing 747 passenger jet, crashes into the Arabian Sea after takeoff near Bombay, killing all 213 on board.
- 16 January – Morarji Desai led government demonetizes high denomination banknotes.[1]
- 29 March – Dr. Leo Rebello pioneers a 60 lessons distance learning course in Naturopathy to train Naturopaths to serve in India's 560,000 villages.
- 1 May – Launch of District Industrial Centre by Minister of Industries George Fernandes.[2]
- 7 November – Indira Gandhi is re-elected to the Indian parliament.
- 19 December – Indira Gandhi is arrested and jailed for a week for breach of privilege and contempt of parliament.
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- 4 January – Ramana (actor), actor and producer.
- 13 January – Ashmit Patel, actor.
- 16 January – Vijay Sethupathi, actor.
- 21 March – Rani Mukerji, actress.
- 28 March – Nafisa Joseph, model, MTV VJ, Miss India 1997 (d.2004).
- 16 April – Lara Dutta, actress, Miss Universe in 2000.
- 4 May – Samita Singh Virtigo patients of Deodh Madhubani Bihar
- 5 May – Sandeep Baswana, actor.
- 25 June – Aftab Shivdasani, actor.