As per the latest figures available upto March 2024 , which sector among the following , has the lowest number of active companies ?

The correct answer is Construction.

Key Points

• As per the latest available figures up to March 2024, the Construction sector has the lowest number of active companies among the listed sectors.
• This is attributed to a relatively slower registration rate of companies in the Construction sector compared to Manufacturing, Trading, and other sectors.
• The decline in the number of active companies in the Construction sector is partly due to economic slowdown and reduced investment in infrastructure projects.
• Policy and regulatory challenges, including land acquisition issues and delays in project approvals, have also impacted the sector's growth.
• The data is based on the Ministry of Corporate Affairs (MCA) records, which track company registrations and active statuses in various industries.

Additional Information

• Manufacturing Sector
  • The Manufacturing sector has one of the highest numbers of active companies due to its significant role in industrial development and employment generation.
  • Schemes like "Make in India" have boosted the registration of companies in this sector.
• Insurance Sector
  • The Insurance sector is relatively smaller in terms of the number of active companies due to the highly regulated nature of the industry.
  • However, it has shown steady growth with increasing awareness about insurance and government-backed schemes like PMJJBY and PMSBY.
• Trading Sector
  • The Trading sector includes wholesale and retail trade and has a high number of active companies, driven by the growth of e-commerce and digital platforms.
  • It is an essential component of India’s economy, contributing significantly to GDP.
• Construction Sector Challenges
  • Issues like project delays, financial constraints, and policy bottlenecks have hindered the growth of active companies in the sector.
  • Despite these challenges, the Construction sector remains vital for infrastructure development and urbanization.