So there is a feel that I am being socially awkward with less cheerful activities and loss of interest in real life. I used to watch lot of movies, romantic and tragedies, but now i don't get any feels for them. Also, my real life friends are starting to fade away. Do you feel the same? Or is the overuse of Internet proving beneficial?
In one period of my life I had the same experience as you.
In fact, I was depress and was trying just to find some funny things on Internet, play around in order to get rid of negative feelings and to have some fun.
Of course I realized that Internet is not solution.
If you want real life than you need real friends, not virtual friends and virtual life over Internet.
Internet can be good in some aspect of our life like payments, Internet banking, buying things, communication etc.
But, believe me, you have to go out and do something practical, meet real people, do real things or you will become more isolated and depressed.