What is the largest group of named species on Earth?

Step-by-step solution

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.