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LATEST NEWS UPDATES | Economic revival is slowing, key indicators show -Shreya Nandi and Gireesh Chandra Prasad

Economic revival is slowing, key indicators show -Shreya Nandi and Gireesh Chandra Prasad

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published Published on Dec 23, 2020   modified Modified on Dec 24, 2020

-Livemint.com

Data from the corporate affairs ministry show the setting up of new firms, which indicates investment intent, fell 19.5% in November to 13,453 from the preceding month

The tally of newly incorporated companies, as well as electronic permits raised for transporting goods, declined on a sequential basis in November for the first time since April.

This loss of momentum in economic recovery after the initial turbulence caused by the pandemic could worry policymakers as they prepare for the federal budget. Data from the corporate affairs ministry showed the setting up of new firms, which indicates investment intent, fell 19.5% in November to 13,453 from the preceding month. The number of companies incorporated each month saw a sustained rise since April, in line with the easing of lockdown restrictions.

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Livemint.com, 23 December, 2020, https://www.livemint.com/news/india/economic-revival-is-slowing-key-indicators-show-11608684167748.html


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