This is in a nutshell review for understanding local knowledge dynamics through indigenous knowledge, including prevalent knowledge, which is combined of a diverse form of knowledge formal, informal and global knowledge systems. This review has been upheld indigenous knowledge, emphasizing the pieces of knowledge, illustrating the diverse source and extents of knowledge with practice. It also explained local, modern and the hybrid knowledge system with its past, present and future trend and potentiality with implementation of knowledge. The local knowledge dynamics portrayed the stance, structure and attributes of knowledge and nature of knowledge with recent diffusion process how it is connected to local way of life and conserve the interest of native people facing various societal and global constraints. This review provides a holistic idea of indigenous knowledge synthesizing the native phenomenon of farming, agriculture, horticulture, forestry, agroforestry, health, medicine and so on. It reveals the surrounding ecology and environment, how it is administered through local knowledge and practice, which is constructed on the basis of trial and error practice with prolong time.