Ministry of Corporate Affairs has registered more than 1.67 lakh company incorporations during the financial year 2021-22 as compared to 1.55 lakh companies during 2020-21.

This eight per cent increase in incorporations during 2021-22 is significant considering that number of companies incorporated during financial

year 2020-21 was the highest in any of the previous years. The Ministry, in a statement yesterday, has said, as part of Government of India’s drive for Ease of Doing Business, it has taken many initiatives thereby saving as many procedures, time and cost for starting a business in India.

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