India Inc.


India Inc. is a common term used by the Indian media to refer to the formal sector of the nation. It employed 7 percent of the workforce in 2000 and contributed 60 per cent of the nominal GDP of the nation. The informal sector consists of 44 million non-farm enterprises as per recent labour survey.
The Companies Act 2013 allows a variety of formations in the mixed economy of India. The Ministry of Company Affairs that as of 31 October 2005, there were
There were 17,49,359 companies . Out of those 3,47,857 were headquartered in Maharashtra, 3,17,998 were headquartered in Delhi, 1,96,724 were headquartered in West Bengal, 1,34,615 were headquartered in Tamil Nadu and 1,04,847 were headquartered in Karnataka. The number of active companies out of those total 17,49,359 companies were 11,67,858
According to Annual report as on 31.03.2018, a total of 11,67,858 active companies were on the Register. Out of the above, large number of companies were engaged in Business Services followed by Manufacturing, Trading and Construction Trading sectors.