Number of "active" companies in India climbs 54% in just five years
In absolute terms, the jump to 1.78 million from 1.16 million active companies is the highest for any five-year period, with officials and analysts attributing the surge to the country’s robust economic growth prospects over the medium-to-long term and greater ease of doing business.
The decriminalisation of dozens of minor offences under the Companies Act since 2019 also helped, they added.
The government arrives at the number of “active” companies after excluding those that are already closed or facing liquidation or under the process of getting their names stricken off from the registrar or lying dormant, from the incorporated ones.
The data showed 64.4% of the total incorporated companies remained operational as of October 2024, up from 59.5% five years ago, indicating a lower corporate failure ratio in recent years.
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