Intro
Firstly, We are now in the year 2022, and this year is projecte to become one of the most fruitful for you if you are considering starting a business in India. From technological breakthroughs such as BNPL and contactless payments to government programs to support MSMEs, 2022 may be one of the finest years to launch a new firm. To assist you, we’ll examine some of the leading business opportunities in India in this post.
Let’s jump into it!
Real estate business
Real estate has always been a big business in India. If the real estate market in India grows at its current rate, it will be worth $1 trillion by 2030. Real estate is a big business in India because of the rapid growth of cities and the rise of nuclear families. India sold 2.61 million units of housing in 2019. That’s a lot of homes sell in seven big cities. Therefore It is true that it is one of the finest businesses you can start in this country.
Organic Farming
Organic gardening has exploded in popularity in India. Concerns about chemicals used as pesticides and preservatives have prompted many people to investigate organic farming. There are two ways to get into organic farming: as a grower of crops or distributor of those crops. Nearly a third of the world’s organic growers are located in India. So it’s an excellent opportunity for beginners to start their business in India.
Wedding Planning
Weddings are no longer confine to two days and a basic ceremony. In the last few years, there has been an increase in destination weddings or significantly themed weddings in India. It’s no surprise that the wedding industry inspires a slew of movies and television shows. The ‘Big Fat Indian Wedding’ business is estimated to be worth $40-50 million and increases at 30-40 % annually. This is a great business opportunity for a novice because it caters to a wide range of income levels and allows you to decide based on your financial situation.
Food and Beverage
India is the world’s biggest economy, with 1.25 billion food and beverage users and home to various cuisines, each with its distinct flavour and appeal. And these are mainly attributable to the fact that multiple spices are used throughout the cooking process. Exporting these spices is a highly profitable economic venture. The majority of these spices are produced on a limited basis. After establishing a network and obtaining export permits, the business can be highly profitable, as India is one of the top exporters of spices. Similarly, franchising a beverage business can result in substantial earnings.
Travel Agency
India is a popular tourist destination because of its scenic landscapes, magnificent architecture, and diverse cultures. Establishing a travel agency anyplace in India is sure to yield a handsome return. According to the WTTC, India ranks tenth out of 185 nations in tourism’s contribution to GDP. However, the firm will require effective collaboration between various stakeholders, including those involved in hospitality and transportation.
Bottom Line
No doubt, India has grown, and the fact that several of the most notable startup success stories of the last decade have their roots here. Above are the top enterprises that have emerged in India due to the country’s technological and structural progress.
