With the recent economic policies introduced by Modi government like demonetization, GST etc., there are apprehensions among some economists that India may face an economic recession. The decline of GDP to 5.7% is strengthening the argument. So, this article is directed towards studying the impact of recent economic policies on Indian economy. The initial part of this article will explain the leading and lagging indicators of economic recession and their current performance. The data provided in those sections will explain how Indian economy is performing based on the comparison of these indicators in current financial year to last year. The later part of article will explain various schemes like Jan Dhan Yojana, Pradhan Mantri Gramin Aawas Yojanaetc, and policies like GST and Demonetization. Also, the effect of these policies and schemes on GDP growth in coming quarters is explained. Towards the end a conclusion is drawn to explain whether India is going to face an economic recession or boom.
GDP (Gross Domestic Product), Demonetization, GST (Goods and services Tax), economic recession, Indian economy, leading indicators, lagging indicators, Jan Dhan Yojana, Pradhan Mantri Gramin Aawas Yojana, economic boom
