A method for generating a slow motion video. The method includes segmenting, by an electronic device, objects in the video. Further, the method includes determining, by the electronic device, an interaction between the segmented objects. Further, the method includes clustering, by the electronic device, the segmented objects in the video to generate object clusters based on the interaction. Further, the method includes determining, by the electronic device, a degree of slow motion effect to be applied to each of the object clusters in the video based on a significance score of each of the object clusters. Further, the method includes generating, by the electronic device, the slow motion video by applying the degree of slow motion effect to that has been determined to corresponding the object clusters.