Thursday, 2 July 2026Edition: National

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Fact-Check · Live

FALSE"₹15 lakh in every Indian's bank account" — Amit Shah called it a jumla, on record0.0/10
FALSE"2 crore jobs every year" — CMIE: net loss of ~70 lakh jobs 2016-17 → 2022-230.8/10
FALSE"Farmers' income doubled by 2022" — ICRIER analysis: well under 50% of the target met2.0/10
FALSE"Manufacturing share will reach 25% of GDP" — actually fell to a ~20-year low near 14%1.8/10
MOSTLY FALSE"100 Smart Cities delivered" — only 18 of 100 cities finished all their projects1.8/10
MIXED"Tap water to every home by 2024" — ~98% taps installed, ~75% deliver reliably; deadline → 20286.0/10
MISLEADING"India is the fastest-growing major economy" — headline GDP rate true; median income stagnant 3+ years (NSO, CMIE, World Bank)4.5/10
FALSE"Youth unemployment at historic lows" — CMIE shows ~45% urban youth unemployment; govt uses redefined categories1.5/10
MIXED"Clean Ganga delivered" (Namami Gange) — real progress on STPs, but repeatedly delayed; water quality still off-target5.5/10
FALSE"Demonetisation will end black money" — 99.3% of demonetised currency returned to the banking system (RBI 2018)1.0/10
MISLEADING"India is 100% open-defecation-free" — NSO, NFHS-5 and a CAG report found large gaps in "ODF" states3.5/10
MIXED"Clean cooking gas for every poor home" — connections delivered, but CAG found refills unaffordable for many (1.67cr took none in 2025-26)5.5/10
TRUE"Every village in India is electrified" — largely TRUE: all inhabited census villages electrified by Apr 2018 (PIB, IEA)8.5/10
TRUE"India runs the world's largest real-time payments system" — TRUE: UPI ≈ half of global real-time transactions (IMF, 2025)9.5/10
FALSE"₹15 lakh in every Indian's bank account" — Amit Shah called it a jumla, on record0.0/10
FALSE"2 crore jobs every year" — CMIE: net loss of ~70 lakh jobs 2016-17 → 2022-230.8/10
FALSE"Farmers' income doubled by 2022" — ICRIER analysis: well under 50% of the target met2.0/10
FALSE"Manufacturing share will reach 25% of GDP" — actually fell to a ~20-year low near 14%1.8/10
MOSTLY FALSE"100 Smart Cities delivered" — only 18 of 100 cities finished all their projects1.8/10
MIXED"Tap water to every home by 2024" — ~98% taps installed, ~75% deliver reliably; deadline → 20286.0/10
MISLEADING"India is the fastest-growing major economy" — headline GDP rate true; median income stagnant 3+ years (NSO, CMIE, World Bank)4.5/10
FALSE"Youth unemployment at historic lows" — CMIE shows ~45% urban youth unemployment; govt uses redefined categories1.5/10
MIXED"Clean Ganga delivered" (Namami Gange) — real progress on STPs, but repeatedly delayed; water quality still off-target5.5/10
FALSE"Demonetisation will end black money" — 99.3% of demonetised currency returned to the banking system (RBI 2018)1.0/10
MISLEADING"India is 100% open-defecation-free" — NSO, NFHS-5 and a CAG report found large gaps in "ODF" states3.5/10
MIXED"Clean cooking gas for every poor home" — connections delivered, but CAG found refills unaffordable for many (1.67cr took none in 2025-26)5.5/10
TRUE"Every village in India is electrified" — largely TRUE: all inhabited census villages electrified by Apr 2018 (PIB, IEA)8.5/10
TRUE"India runs the world's largest real-time payments system" — TRUE: UPI ≈ half of global real-time transactions (IMF, 2025)9.5/10

Section

Economy

Jobs, growth, inequality and the numbers behind them.

10 stories

India’s GDP was revised. The IMF also downgraded our data.

A base-year change revised India’s growth figures — and arrived alongside an IMF downgrade of India’s national-accounts data to a "C" grade.

27 May 2026 · 6 minRead →

More women are working — but mostly for no pay

India’s female labour-force participation has nearly doubled since 2017-18 — but the rise is largely in unpaid family work, not salaried jobs.

20 Feb 2026 · 4 minRead →

The jobs number that doesn’t reach young women

The headline unemployment rate eased in 2025 — but the official PLFS data shows urban young women are still locked out at nearly 24%.

18 Feb 2026 · 5 minRead →

The richest 1% of Indians own more than 40% of the wealth

Oxfam’s analysis finds India among the most unequal economies on earth — the top 1% hold over 40% of wealth while the bottom half own 3%.

8 Feb 2026 · 4 minRead →

Adani–Hindenburg: what the Supreme Court and SEBI actually concluded

A short-seller’s report wiped out billions in market value and triggered a regulator probe and a Supreme Court case. Here’s the verified state of play.

2 Feb 2026 · 6 minRead →

The rupee just crossed 90 to the dollar

A decade ago a strong rupee was sold as the mark of a strong government. The rupee hit a record low past 90 to the dollar in December 2025.

30 Jan 2026 · 4 minRead →

A $4 trillion economy — and per-person income near Bangladesh’s

India is the world’s 4th-largest economy by total size — but split across 1.4 billion people, per-person income sits close to Bangladesh’s, and the IMF expects Bangladesh to edge ahead in 2026.

24 Jan 2026 · 4 minRead →

When the GST promise to states quietly expired

States gave up their tax powers for GST on a five-year promise of compensation. That guarantee lapsed in June 2022 — and what replaced it was debt, not assurance.

20 Jan 2026 · 4 minRead →

GST 2.0: a simpler tax — and a ₹48,000 crore question

In September 2025 India collapsed its tangle of GST slabs into a simpler structure — a genuine fix that also carries a real revenue cost.

12 Jan 2026 · 5 minRead →

The kitchen test: what food inflation did to your thali

Headline inflation can look calm while food prices swing hard. Tomatoes, onions and potatoes told the real story of 2024-25.

20 Dec 2025 · 4 minRead →