In this paper, various types of advanced control methods of the induction motor are discussed, and a comparision between these methods have been brought out. This paper also discusses about the application areas of these new methods. The objective of this review is to conclude which method is the best control scheme among all of these methods. The related block diagrams for various control schemes are also illustrated along with various steps involved in the implementation of those schemes. Advantages and disadvantages of the schemes are also presented.