The work gives a survey of major contemporary, western and Indian views on the problem of induction and offers a solution to the classical problem of induction and the Grue paradox following the Nyaya perspective. The main focus is on Gangesa, the founder of Navya Nyaya, but other views including those of Buddhists, Jains, Vedantins, Carvaka, Hume, Russell, Reichenbach, Carnap, Popper, Goodman, and Quine are also discussed.