Over 16,000 new firms registered since lockdown, 3,200 in April alone

While the numbers have dropped by over a half compared to last year, experts still consider this positive news given the economic climate around the world

The Covid-19 pandemic may have cast a shadow on the overall business activity, but it could not stop a host of new companies from coming into existence. Around 16,000 new companies have been registered since the country went into lockdown, official sources told Business Standard.

“The Central Registration Centre has been working throughout this period, at half the strength, even on weekends and holidays to keep the incorporation of companies going,” a senior government official said.

While the numbers have dropped by over a half compared to last year, experts still consider this a positive development given the global economic