Decoding the Indian Economic Slowdown: An Insight into the Factors behind the Stumble

Purpose: The purpose of this study is to examine the economic challenges faced by the Indian economy in the past 12 years and the strategies implemented to overcome them, particularly in the context of the recent crisis and recession.Design/methodology/approach: A qualitative research design was used, incorporating both secondary data sources, such as government reports, academic journals, and expert interviews. This approach provided a comprehensive understanding of the Indian economy during the past 12 years. The Economic statistics like the Consumer Price Index, GDP, Gross Savings and Investment Rates, Trade Ratio of GDP, Share of Manufacturing and Industry in GDP, and Bank NPA used to understand the causes of the slowdown.Findings: The findings reveal that the Indian economy has faced significant challenges in recent years, particularly due to the COVID-19 pandemic, resulting in a decline in economic growth, consumer spending, investment, and exports. However, the study also discovered that the Indian economy has shown resilience in overcoming these challenges, with a rebound in 2021 due to government and monetary policy measures.Research limitations/implications: The study has some limitations, including dependence on secondary data sources and a lack of comprehensive data on the pandemic's impact on the Indian economy. Further research is necessary to gain a more in-depth understanding of the challenges faced by the Indian economy and the efficacy of management strategies implemented.Practical implications: The findings of this study have practical implications for policymakers and business leaders, highlighting the challenges faced by the Indian economy and the importance of effective management strategies to overcome them.Social implications: The challenges faced by the Indian economy have significant social implications, affecting the livelihoods of millions and having a ripple effect on the wider economy. This study's findings provide important insight into the social impact of the recent crisis and recession on the Indian economy.Originality/value: This study provides unique insights into the economic challenges faced by the Indian economy in the past 12 years and the strategies implemented to overcome them. It adds to the existing body of knowledge by offering a comprehensive analysis of the impact of the recent crisis and recession on the Indian economy.