EVOLUTION OF REGISTERED COMPANIES AS PER VARIOUS ECONOMIC ACTIVITIES, OVER THE YEARS2006-2019
Due to gradual changes coming in economic policies over the years, Indian economic has shown an impressive growth since 90’s. As result of which, in 2019 India was ranked as 5th largest economy in the world as per World Banks’ GDP Ranking.
National Industrial Codes (NIC) is the base codes used in India to differentiate the various Economic activities carried by various companies registered here. After 2006 position of Manufacturing Industry was taken over by Business service industry in 2007, making itself the top most practiced activity by registered companies in India. Manufacturing, Trading and construction industries are other activities witnessing maximum registration. Registration of companies till July 2020 exhibits the same picture too.