If you wish to grow and prosper while being passionate and happy then one needs to take the first step towards it. Majority of today’s youth have ended up dedicated their life working and giving up their dream for a corporate job. These 9 to 5 have killed more dreams than anything else combined. Life ends up being encompassed around paying rentals, taking care of children, family and other responsibilities to look out for.
No matter how much we strive hard in a job the cost of living will continue to see an upward trend. The major chunk of people spend their life working for someone else’s dream while giving up on their own. Rare are the probabilities where people really are satisfied with their jobs. So below are a list of the most profitable businesses in India.
Profitable businesses in India are as follows:-
1. Website Designing
Web designing is a significant element that will be playing the most important role in near future, in-short it’s the future. Website can be explained as the specific address of a organisation’s official web page that is the base of its online existence. These websites hold information about the product, process and every minute details which will tell a visitor or a client about the company. In the absence of a website, business is unclear or blurry and customers have no idea of what they are looking at. Therefore being such a trendy business it is included in one of the most profitable businesses in India.
2. Marketing products online
Internet is a domain where people communicate with each other, exchange information and more importantly vend goofs without the need of having to visit a store physically. And more importantly bears the small sellers as they use internet one does not have the need to have a real shop or physical space. As it is a business that does not need physical space and is completely on cyberspace it is seen as the most profitable businesses in India. Setting up an e-shop and start to trade it off at a good enough price right where you reside. The focus can entirely be channeled on the Indian local customers or the target audience can be shifted to the customers who are in abroad.
3. Travel agency- a classic but highly profitable occupation
No matter how long the checklist of to be visited places in India is prepared it will always be incomplete without the Taj Mahal. It is a monument that was constructed by Shah Jahan of the Mughal reign in 16th century in memory of his beloved wife Mumtaz. India has and will always be a fantasy to a number of globe trotters and that is due to the picturesque landscape and one of a kind architecture and rich cultural heritage. Therefore considered as the most profitable businesses in India. The Indus river civilization is over 5000 years old and is the significant place of origin of many religions such as Buddhism, Jainism, Sikhism and Hinduism.
4. Fashion boutique – Buy the international brands and sell them at a premium price
No doubt fashion industry is a flourishing business not only in India but in any part of the world. Numerous brands of clothing, shoes are international while the other remaining are the most preferred Indian brands. Fashion industry is an aggressive industry as all the footwear and clothing designs should make sure they are update with the latest trend in the market if they want a continuous flow in the business. In a country where the population is over 1 billion opting for fashion boutique is not a big deal. As fashion never goes out of fashion and people never stop purchasing fashion apparels and clothes it is the most profitable businesses in India.
5. Food joint and beverages
India is a country with the world’s largest population and is greatly swayed by the religion and religious beliefs. The indian dishes portrays a genuine social life in India. Diversity in colors, flavors, dishes India proudly stands as the true piece of heaven for those who can’t help it when it comes to food. Indians are foodies no doubt. The biggest feature of the Indian dishes is the use of spices when cooking. A number of spices is used for fragrance and taste. While these spices have a huge market and a great market value in the overseas market and are the inspiration for foreign trade amidst Asia and Europe. Due to the largest population in the world and the population which falls in the category of the most profitable businesses in India.
6. Pharmacy business – A business with profit margin
In the past few years, Indian pharmaceutical companies has secured a very astonishing position in the international market. Indian is famous for vending cost efficient medicine in the international market. This has led to the growth and development of medicine business in India. And today India stands as one of the biggest exporters of generic medicines and a quick growing industry in India that is very aggressive. India today exports medicines to over 200 nations of which the major ones are United States. Massive population not only means a bigger size of people living in one place but it also means that there will be a lot of people who will fall ill and the need of medicines will be touching the sky hence it is considered as the most profitable businesses in India. This was between 2014-16. The US pharmaceutical organizations have doubled the count of authorized drugs in India from 108 to 200.
7. Mobile phone business
India is the biggest market for any type of business one can literally think of. The mobile users in India accounts to be the total population of the United States. So one can imagine the size of the mobile market in India. On the other hand there is high probability that the number of mobile users will always see an upward trend. Talking about numbers India has 700 million mobile users out of which 320 million of the masses have a smartphone in their pocket and these numbers will be at a significant toss in less than half a decade. Hence creating a bigger opportunity for the mobile manufactures. A good news for the mobile exporters and importers and for the ones who are into mobile repairs. Therefore can be said a highly and the most profitable business in India to start off with.
8. Café Business- Popular Small Business in India
Cafes are protracted in every nook and corner in India and has slowly picked up the pace by becoming one hot small scale business and the reason for it being a trending business is basically the youth which prefers cafes for meet-ups and get togethers. A trendy business is always a highly profitable business in India.
9. Steel & building materials store- traditional local business
The demand for steel is for sure going to see a rise in global demand, and is controlled by gigantic construction work in India. There is a high probability that India will transform to the second biggest steel manufacturer and a gigantic importer of steel.
10. Graphic Designing-Perfect for Creative People
A communication field wherein the communication is done through exchange of visual medium. Graphic designing is the production of visual quick fix for media.
11. Interior Decoration – Yet another booming industry in India
India is better known as the place where majority of the billionaires have a dwelling. Additionally they not just are a huge collectors of luxury items but are equally interested that their residence should look one of kind. They are very much willing to spend any amount on interiors so it is a much preferable business that has a lot of profitable potential.
12. Jewelry Outlet
According to the stats India holds about 11% of gold reserve in India. One of the biggest gold holders on the globe. When it comes to gold Indians go crazy about it. People from the lower middle class have a habit of saving and buying gold. On the contrary billionaires make sure they donate gold to temples during festivals.
Conclusion
The above businesses depict that India due to its humongous population has a great potential. Any business if done precisely with good planning and executed well it will no doubt proper and grow. On the other hand will help to end with unbelievable profits which no corporate job can ever deliver. So it is high time when we stop working for someone else’s dream and start to do something of our own for our dreams. So one can go with any of the above mentioned businesses as they are one of the most profitable businesses in India.