Abstract: The studies of values in sociology with reference to social change in Indian society require a multidimensional approach. A value being a desirable behaviour of individual that is acceptable to society immediately catches the attention for its implicit and explicit character. For qualitative understanding values may be broadly divided into two type i.e. positive values and negative values. Positive values highly receive rewards and praised in the society whereas negative values deserve punishment and subjected to humiliation. Modern India nation state has a past colonial legacy that has reflected in Indian society in the various phases of social transformation and socio-cultural value changes