Subdirectories not generated after upgrade

[gagan_singh]

renaming the top level index.md to _index.md solved the issue.

[SOLVED] Site no longer builds with version 0.32+ (theme-hugo-foundation6)

At first glance the index.md under /content/ is converting everything into a page bundle. Rename it to _index.md check if that fixes your problem and tell us. Since Hugo 0.32+ index.md ---> Page Bundle (leaf bundle) _index.md ---> Section or Nested Section (branch bundle - this can be a bundle also for img resources)