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KPMG India Tax Konnect deals with recent tax and regulatory developments.
The month of September witnessed some positive developments on the economic front. While industrial production improved compared to last month, it continues to be volatile. The index of industrial production grew by 2.6 percent in July 2013. Such growth is mainly attributable to subsegments such as manufacturing and electricity. Capital goods recorded high growth of more than 15 percent, suggesting improved business sentiment and better growth prospects.