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.Also Read | How hunger came back to haunt IndiaThe number of electronic permits raised for transportation of goods within and across states declined 10% to 57 million in November from the previous month.