SOTWStatistics of the World
Home/Countries/India/Average Firm Age (years)

India—Average Firm Age (years)

Category: Private SectorSource: World Bank World Development IndicatorsGlobal Rank: #41 of 116
Latest Value
24 years
2022
YoY Change
+33.7%
2014 → 2022
Global Rank
#41
of 116 countries
Maximum
24 years
2022
Minimum
18 years
2014
CAGR
+3.7%
2 years
Last
24 years
Previous
18 years
Highest
24 years
Lowest
18 years
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators

Historical Data

YearValueChange
202224 years+33.7%
201418 years

Top Countries — Average Firm Age (years)

#CountryValueYear
1Korea, Rep.193 years2024
2Uruguay167 years2024
3Belgium146 years2024
4Germany122 years2021
5Peru118 years2023
6Tunisia111 years2024
7France110 years2021
8Austria96 years2021
9Benin78 years2024
10Czechia74 years2024
View all 116 countries →

About This Indicator

Definition

The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.

Methodology

Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.

Source: World Bank - World Development IndicatorsView original source →