India's share in global services exports has been growing steadily over the last two decades. From being at the 24th spot in 2001, the country has now become the 7th largest exporter of services in the world. The government has made concerted efforts to promote India's services exports, rolling out initiatives such as setting up of 65 Export Facilitation Centres (EFCs) across the country to mentor and support exporters, securing market access through multilateral, regional and bilateral trade agreements, and launching an Action Plan for Champion Sectors in Services to prioritise high-growth service sectors.

The August 2025 edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for July 2025.

This edition covers updates from April to June 2025.

India’s transaction environment demonstrated notable momentum in July, marked by a sharp rise in strategic activity across mergers, acquisitions, private equity, and capital markets.