The only thing up 100% since November 8 is Modi’s ego

  • 35% loss of jobs in micro-small industries, slated to go up to 60% by March
  • 50% dip in manufacturing revenues, likely go up to 60% in next two months
  • 35% job loss in infrastructure and road projects; 45% notional revenue loss
  • Investments drop from Rs 2.36 trillion to Rs 1.25 trillion in Oct-Dec third quarter (Q3)
  • 22% fall in two-wheeler sales, biggest dip since 1997
  • 44% plunge in housing sale; notional revenue loss of Rs 22,600 crore
  • Cement, steel, FMCG all paying between 10 and 25 lower advance tax for Q3
  • Purchasing managers’ index (PMI) index down at 46.7, indicating contraction
  • Business confidence in services sector lowest in 11 years
  • Foreign portfolio investors selling equities worth Rs 18,909 cr for 18 consecutive days
  • GDP growth 5.2%, lowest in 5 years, excluding government consumption
  • Dollar breaching the Rs 68 mark

(Sources: The Hindu, The Indian Express, Business Standard, Mint, Mahesh Peri)

Graphic: courtesy Mint