India Inc. is a common term used by the Indian media to refer to the formal (comprising government and corporate) 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 estimates that as of 31 October 2005, there were
|Private companies limited by shares||628,957||612||629,569|
|Public companies limited by shares||78,473||724||79,197|
|Companies limited by guarantee||3,530||7||3,537|
|Companies with unlimited liability||497|
There were 821,212 companies by the end of 2009. Almost one-fifth of these companies were headquartered in Maharashtra, another one-fifth in Delhi, one-fifth in West Bengal and one-eighth in Andhra Pradesh.
According to MCA Annual report 2012-13 as on 31.12.2012, a total of 12,89,229 companies were on the Register (consisting of 11,67,226 private limited companies and 1,22,003 public limited companies). Out of the above, 8,72,957 companies were at work, comprising 8,06,666 private limited and 66,291 public limited companies. A majority of the companies at work (about 80%) were operating in activities covered under four broad heads, namely, ‘Financing, Insurance, Real Estate and Renting, Business Services’(31.57%), ‘Manufacturing’ (22.31%), ‘Wholesale and Retail Trade, Restaurants and Hotels’ (15.85%), and ‘Construction’ (10.74%) sectors.
- India Inc. and its moral discontents
- India Inc. The official RuneScape clan for India recognised by Jagex Ltd.
- India Inc.: Aiming Higher by Susan Kitchens (forbes.com)
- India Inc., Still Going Strong by Jaikumar Vijayan (computerworld.com)
- India Inc. arrives overseas by Vipul Mudgal for HT Research (HindustanTimes.com)
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