According to Grant Thornton's monthly M&A Dealtracker, as many as 39 deals worth USD 4.3 billion were reported in July against 49 transactions worth USD 9.1 billion in the year-ago period.
Das explained that the RBI has kept the external benchmarks in abeyance earlier because "we wanted to see how the market evolves.
There have been many cases of bogus billings, tax evasion and fake invoicing, according to PwC.
Our manufacturing is jammed at a long-term low of 15% of GDP. Domestic demand has also slowed down.
Some sectors like apparel, steel & food production bucked the trend in the manufacturing space.
According to a report by brokerage firm Centrum, there is a behavioral shift among consumers as they are moving towards online purchases.
The bank's estimate of GDP growth is now well below the expectations of other banks, and a long way from the RBI's forecast of 6.9% forecast
The challenges for economy include weak investment, muted monetary transmission and slow GST collections.
While the Sept quarter may show weakness, analysts are hopeful of a recovery in the second half of the fiscal.
In absolute terms, the total tax collection during April-July of this fiscal year rose to Rs 3.56 lakh crore, as per the data accessed by .
The wholesale price index (WPI)-based inflation was at 2.02 per cent in June this year and 5.27 per cent in July 2018.
Politicians are giving no priority to restoring that competitiveness, and instead are falling back on protectionist nostrums, raising import duties on dozens of items year after year. This threatens to sink India’s long-term prospects.
India's retail inflation eased marginally to 3.15 % in July from 3.18% in June on the back of high food prices. The number, however, remained below RBI's 4% for the 12th straight month, despite recent interest rate cuts. Delayed monsoon had pushed the number to an 8-month high of 3.18 per cent in June.
As per the data released by the Central Statistics Office (CSO), the inflation in the food basket was 2.36 per cent in July, marginally up from 2.25 per cent in the previous month.
The Controller General of Accounts' (CGA) June figures show the actuals on these heads up to June end 2019 totalled Rs 1,51,824.24 crore on the Budget Estimates (BE) of Rs 2,96,684 crore.
While the Central Bank of India recently cut interest rates to stimulate the economy, the country's longer-term growth is underpinned by changing demographics.
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