New Business Opportunities In India
With each passing day, India and its economy are expanding and opening new doors for various opportunities. If you want to start your business initially on a small scale then there are various small business opportunities for you.
In the last few years, many people have left their white collar job for starting their own business as the Indian market is flooded with an array of small business opportunities.
The biggest benefit of starting your own business is that you are your own boss and also there is more opportunity to grow.
The booming economy of India has seen a surge of entrepreneurs trying to carve a niche for themselves.
If you are an entrepreneur looking to make a mark, we have compiled for you the most lucrative sectors you can look into.
Tourism
Tourism industry is booming in India and the number of international & domestic tourists are on the rise. As the number suggests this is going to grow further.
Automobile
India is the second fastest growing automobile market in the world next to only China. This provides an opportunity for entrepreneurs to get into auto component manufacturing as the demand for it is only going to increase.
Textile
India has always been famous for its textile industry. You can get into the domestic textile manufacturing scene or even try and export your work.
Social Ventures
Social Entrepreneurship helps build a better nation. Providing employment for the less privileged especially in the rural areas where unemployment is rampant can help the people of the region as well as the entrepreneur.
Software
India has the largest number of software engineers in the world. This can be leveraged to start a software industry as the cost of development is also very less. All it takes is one outsourced project to get you started.
Engineering Goods
The is a large demand from companies outside India for Engineering goods and the exports are also growing with it. This is a good sector to get into as the growth has been very stable.
Franchising
The rate at which tier two and tier three cities in India are improving and the acceptance of the major global brands gives raise to very lucrative opportunities in the Franchise market.
Education
Education has always been a sector that churns out a lot of money and with the advent of technology you can start your business in the education sector from home by putting up education portals.
Food Processing
Although India is known for Agriculture, we are not utilizing the true potential of this sector due to lack of knowledge. Entrepreneurs can change all that and its potential harnessed to the fullest.
Corporate needs
With the number of corporate companies growing every day the needs of the corporate world itself becomes a sector. For instance corporate gifting. This is a very good sector to explore.
