On one hand, the Economy is worryingly slowing at a persistent pace and on the under that country is burning on issues based on religion, policy, and culture. The Govt for a large part of the year was in denial that there is an actual problem with the economy. But the signals have been quite overwhelming for anyone to deny that our country has entered a phase of economic slowdown and things have been looking quite gloomy do far. Now comes the question of why are we in a state that we find us in today. The World Bank has said that the Indian economy is facing a severe slowdown and has predicted GDP much slower than its earlier predictions. This paper presents a brief review of the factors that led us to this position along with trying to look for solutions