“Is India heading towards recession?”: An analysis of the current economic scenario of India

The Indian economy has for several years witnessed significant growth and simultaneously thecountry has been termed as one of the fastest-growing economies in the world. However, recently theeconomy has witnessed several bottlenecks both in demand as well as supply side. It has been argued byseveral critiques that the consumption is on all-time low and decrease in purchasing power of the consumershas resulted in reduced investment. Through this paper, the authors have attempted to analyze whether thecriticism is factually correct. The authors have analyzed the data of the components of GDP calculation suchas consumption, expenditure, investment and export. The paper will be of immense importance toacademicians/scholars/practitioners as it will act as a ready reference for them to have a brief understandingof the current scenario of the Indian economy.PS: The authors understand that the Covid-19 Pandemic will have a significant impact on all of theeconomic factors, however, the pandemic has not been considered while writing this research paper