I am using android studio 1.0
Trying to make material design app that is compatible with older versions of android too...
Made new blank project, Added compile 'com.android.support:appcompat-v7:21.0.3' dependency to the gradle file
Still no luck :/
Anyone please help me out....
It was in older versions of Android Sudio. In Android Studio 1.0 you have to create by yourself. Check your SDK version update it to Android 5.0 (Api 21). And you will be good to go.
Maintain material design Compatibility to older version of Android by following this link. https://developer.android.com/training/material/compatibility.html
Cheers..