New Delhi, June 4 (IANS) Due to strong GDP growth and policy continuity, registration of companies and limited liability partnerships (LLPs) in the country surged by up to 37 per cent in May.
According to latest government data, registration of companies increased by 29 per cent and LLPs by 37 per cent on year-on-year basis in May.
Data released by the Ministry of Corporate Affairs said that 20,720 companies, including overseas units, were registered in May, up from 16,081 in the same period a year ago.
This was the fifth consecutive month when registration of companies has gone up.
About 7,487 LLPs were registered in May. Last year, the number was 5,464.
The GDP growth accelerated to a robust 7.4 per cent in the fourth quarter of 2024-25, as result of which the growth rate for the full financial year works out to 6.5 per cent on the back of a strong performance of the agriculture, construction, and services sectors.
The International Monetary Fund (IMF) has forecast India to be the only economy that is expected to clock an over 6 per cent growth rate in 2025-26, as the US tariff turmoil is expected to disrupt world trade and slow down the growth of the global economy.
India continues to defy the global slowdown, the OECD’s latest ‘Economic Outlook’ said this week, projecting the country’s economy to grow by 6.3 per cent in 2025 and 6.4 per cent in 2026.
Strong domestic demand, resilient services and manufacturing sectors, and ongoing infrastructure investments have been cited as key drivers for India’s strong performance amid global uncertainties.
According to analysts, India’s better-than-expected GDP growth in Q4 FY25 at 7.4 per cent is an indicator that growth is rebounding which can lead to revival of corporate earnings in FY26, and foreign institutional investors (FIIs) are likely to continue their investment in India.
The RBI’s credit policy on interest rates decision on Friday will be keenly watched as any further cut in policy rates would keep markets in good stead in the medium term.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
