The Recent set of data is clearly hinting that the Indian economy is doing rather badly.  Eight core sectors of the economy have performed their most abysmal in the last many years.  Manufacturing output has been the lowest in the past nine years.  Not enough gainful employment is being created to absorb a large number of youthful workforce, who voted with their feet to propel Mr. Narendra Modi to the prime ministerial chair.  And when you consider the fact that demonetization has practically destroyed the informal economy, things aren't looking that rosy in the immediate future.  I haven't even mentioned the acute agrarian distress sweeping across the country, and you get the picture.