The Barbero-Immirzi parameter ($γ$) is introduced in loop quantum gravity (LQG) whose physical significance is still a biggest open question; because of its profound traits. In some cases, it is real-valued; while, it is complex-valued in other cases. This parameter emerges out in the process of denoting a Lorentz connection with non compact group $SO(3,1)$ in the form of a complex connection with values in a compact group of rotations, either $SO(3)$ or $SU(2)$. Initially, it was appeared in the Ashtekar variables. Fernando Barbero proposed its possibility to include within formalism. Its present value is fixed by counting of micro states in loop quantum gravity and matching with the semi classical black hole entropy computed by Stephen Hawking. This parameter is used to count the size of the quantum of area in Planck units. Until, the discovery of the spectrum of the area operator in LQG; its significance remains unknown. However, its complete physical significance is yet to be explored. In the present article, an introduction to the Barbero-Immirzi parameter in LQG, time line of this research area, various proposals regarding its physical significance are given.
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