More layoffs likely as India’s manufacturing sales shrink

Despite the government’s efforts to attract investment under its Make in India campaign, sales of manufactured goods fell 3.7 per cent during 2015-16 — the first decline in seven years –sparking fears of layoffs and debt default in the months to come. Spurred by a global slowdown and lack of demand, sales of manufactured goods[…]

Demonetisation: After Notebandi, banks flush with money, but companies in no shape to borrow

“Demonetisation has made banks flush with funds, and they will lend it to productive sectors.” – Power Minister Piyush Goyal, November 26, 2016. It won’t be quite as easy as Goyal said. Rising non-performing assets (NPAs) and sluggish economic growth sparked a 60 per cent decline in corporate borrowing over the last six years, according[…]

Students in literate states lead spike in protests

States with higher literacy levels report more protests, and nearly half of these protests were led by political parties, according to an IndiaSpend analysis of police data over six years. The sharpest rise in unrest came from student-led agitations (148 per cent) between 2009 and 2014, show the data, gleaned from the Bureau of Police[…]

PM’s inclusion dream unrealised: Growth in number of Jan Dhan Yojana bank accounts outpaced delivery of govt benefits and subsidies

“Never before in economic history would 15 million bank accounts have been opened on a single day. Never before has the Government of India organised a programme of such scale,” Prime Minister Narendra Modi said on August 28, 2014, launching the Pradhan Mantri Jan Dhan Yojana (Prime Minister’s People’s Wealth Programme/PMJDY) Read More