1.47 lakh new companies formed in the country

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MUMBAI: Despite the Corona epidemic, the country has seen significant growth in the formation of new companies. In the last financial year, 12 new companies were formed in the country, which is 3 per cent more than the 10,608 new companies set up in the financial year 2015-16.

The Corona period did not have a significant impact on agriculture and allied activities in the country. Due to this fact, the number of new companies formed in these sectors has increased.

Especially in view of the immense difficulties faced by the health sector during the Corona period, today's youth have now started a business to fight against diseases like Corona by starting a business for all the necessities of health, pharma and emergency. Apart from this, interest in agriculture and allied fields has also increased during the Corona period.

A total of 1,04,09 new companies were formed in FY2017-20, despite the Corona period, where businesses were closed for more than 100 days. The year of the Corona epidemic also saw a bumper increase of 5% in the number of newly registered companies.

The number of companies in the food products and beverages sector was also as high as nine, given the increase in online purchases. According to the corporate ministry, there were a total of 4,010 companies in the agriculture and allied sectors, which increased to 11,09 companies in 2020-21, an increase of 150%.

In the field of health and social work, there were 1,110 companies, which has now increased to 4, which is an increase of 3%. The number of new companies in the education sector has increased three-fold to six, from 102 in 2015-16.


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