According to TeamLease Services Ltd., one of the country’s biggest recruitment firms, the jobs market has been slugged by last November’s shock cash ban and July’s imposition of a goods and services tax.

And things look like they’re about to get worse India is set to see a further 30 percent-to-40 percent reduction of jobs in the manufacturing sector compared with last year.

Manufacturing accounts for some 18 percent of GDP and directly employs 12 percent of the population, government data show.

Munira Loliwala, a general manager at TeamLease said that many of those who lose their jobs stay unemployed because they lack the communication skills required for the services sector, which accounts for 62 percent of GDP.

However Finance Ministry spokesman D.S. Malik said "The economic slowdown and job losses are in line with a worldwide downward trend,” . “There may be problems in the manufacturing sector, but services are growing well.

But the house is burning inside BJP camp . Modi’s backers are alarmed too. Modi’s party MP Subramanian Swamy, told that he has conveyed concerns to Modi that the economy could be heading for a “major depression.”

The Rashtriya Swayamsevak Sangh the ideological parent of Modi’s ruling Bharatiya Janata Party that works like a volunteer wing to ensure voter turnout during elections has alerted the BJP of signs of a shift in the public mood over the government’s performance.

The opposition up its criticism as Economy slow down hit all sectors and GDP falling at alarm phase.

“If India cannot give the millions of people entering the job market employment, anger will increase, and it has the potential to derail what has been built so far,” Rahul Gandhi, Vice President Indian National Congress party, said in a speech at the University of California, Berkeley, on Sept. 11.

“That will be catastrophic for India and the world beyond it.” added Gandhi.