Is India following keynesian economics to get rid of current economic slowdown?: A study of current fiscal and monetary policies in India

British economist John Maynard Keynes explained that cause of economic recession is the decrease in aggregate demand. His theory and principles is famously known as “Kaynesian Economics”. He said, to overcome recession government and central bank have to take initiatives in the form of new fiscal and monetary policies which can increase spending of government as well as public. In the preceding sections analysis is being made whether Indian government is now following Kaynesian economics to come out of economic slowdown. With GDP of India dipping down to 5.7% in second quarter of 2017 there are speculations that India may get into economic recession. A detailed study is done in article to assess whether the recent government spending and policies can lead to better economic situation in near future. Also a brief explanation about why economic degrowth happened is explained in this article.