How many species have been recorded in the world?

More than 1.5 million species have been recorded in the world, but there might still be nearly 6 million species on earth waiting to be discovered and named. Of the named species, > 70 per cent are animals, of which 70 per cent are insects. The group Fungi has more species than all the vertebrate species combined. India, with about 45,000 species of plants and twice as many species of animals, is one of the 12 mega diversity countries of the world.