diff --git a/CHANGELOG.md b/CHANGELOG.md
index 400b417b..6d6216fe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Change Log
 
+## [v4.34.2](https://github.com/plivo/plivo-go/tree/v4.34.2) (2022-10-13)
+**Bug Fix - Retry Timeout**
+-  Implementing Retry logic for Connection timeout along with exponential retry backoff
+
 ## [v4.34.1](https://github.com/plivo/plivo-go/tree/v4.34.1) (2022-09-28)
 **10DLC campaign creation**
 -  Adding more attributes to campaign creation request.
diff --git a/lib/rest/axios.js b/lib/rest/axios.js
index 99502844..c820b0c0 100644
--- a/lib/rest/axios.js
+++ b/lib/rest/axios.js
@@ -2,6 +2,7 @@ import * as Exceptions from '../utils/exceptions';
 import * as _ from "lodash";
 
 import axios from 'axios';
+import axiosRetry from 'axios-retry';
 import queryString from 'querystring';
 
 var HttpsProxyAgent = require('https-proxy-agent');
@@ -16,6 +17,27 @@ export function Axios(config) {
     'Content-Type': 'application/json'
   };
 
+  const shouldRetry = error => {
+    if (error.response == undefined) {
+      console.error("Recieved error code: " + error.code + ", message: " + error.message);
+    } else {
+      console.error("Recieved response status " + error.response.status);
+    }
+    return axiosRetry.isNetworkError(error) ||
+      axiosRetry.isRetryableError(error) ||
+      error.code === 'ECONNABORTED' ||
+      error.code === 'ENOTFOUND' ||
+      error.code === 'ECONNREFUSED' ||
+      (error.response && error.response.status >= 500);
+  };
+
+  const exponentialDelay = (retryNumber = 0, error, options) => {
+    const delay = Math.pow(2, retryNumber) * 100;
+    const randomSum = delay * 0.2 * Math.random(); // 0-20% of the delay
+    console.error("Retrying after delay of " + (delay + randomSum) + "ms");
+    return delay + randomSum;
+  };
+
   const retryWrapper = (axios, options) => {
     const max_time = options.retryTime;
     let counter = 0;
@@ -181,7 +203,7 @@ export function Axios(config) {
 
     return new Promise((resolve, reject) => {
       if (isVoiceReq) {
-        retryWrapper(axios, {retryTime: 2, urls: apiVoiceUris, authId: config.authId, action: action});
+        axiosRetry(axios, { retries: 2, retryDelay: exponentialDelay, retryCondition: shouldRetry, shouldResetTimeout: true });
           options.url = apiVoiceUris[0] + config.authId + '/' + action;
           if (method === 'GET' && options.data !== '') {
             let query = '?' + queryString.stringify(params);
diff --git a/package.json b/package.json
index 06c049de..75409ea8 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "plivo",
-  "version": "4.34.1",
+  "version": "4.34.2",
   "description": "A Node.js SDK to make voice calls and send SMS using Plivo and to generate Plivo XML",
   "homepage": "https://github.com/plivo/plivo-node",
   "files": [
@@ -58,7 +58,8 @@
   },
   "dependencies": {
     "@types/node": "^14.14.14",
-    "axios": "^0.21.1",
+    "axios": "^0.21.4",
+    "axios-retry": "^3.3.1",
     "base-64": "^0.1.0",
     "https-proxy-agent": "^5.0.0",
     "build-url": "^1.0.10",