Opposition parties and leaders may or may not be able to cobble together a coherent counter-narrative, but citizens are beginning to take note of the abuse of public confidence and poll promises.
To restore confidence, better governance, rather than any additional fiscal push, is the need of the hour.
More than a fifth of large companies did not earn enough to pay interest on their loans and the pace of new loans fell to the lowest in more than six decades.
The GST’s complexities run the risk of derailing the service sector’s growth and even slowing India’s economic growth, according to experts.
The negative growth in overall investment in April-June also knocks the bottom out of the government’s oft repeated claims that India is attracting unprecedented FDI flows because of new policy measures.
Fund managers admit reforms are moving slowly, but think that India continues to be a good investment opportunity.
A safety net for rural areas, MGNREGA guarantees 100 days of paid, unskilled manual work every year to every rural household.