Are you searching for profitable small business ideas in India with small capital investment? Are you looking for trending business ideas in India for your dream startup? Whether you are from India or from any other country, this article will help you in finding the emerging and profitable industry sectors of India.
Small and medium scale industry sector in India is considered as a profitable business opportunity for new entrepreneurs. Here I have compiled 100 plus profitable small business ideas sector wise in India with small capital investment.
List Of 100+ Top Profitable Small Business Ideas In India
The Indian advertising industry has evolved from being a small-scale business to a full-fledged industry. The advertising industry is projected to be the second fastest growing advertising market in Asia after China. The Indian government has given tremendous support to the advertising and marketing industry. India’s advertising industry is expected to grow at a rate of 16.8%! year-on-year to Rs 51,365 crore (US$ 7.54 billion) in 2016, buoyed by positive industry sentiment and a strong GDP growth of 7% and above. Print contributes a significant portion to the total advertising revenue, accounting for almost 41.2%, whereas TV contributes 38.2 per cent, and digital contributes 11% of the total revenue. Outdoor, Radio and Cinema make up the balance 10%. Read More…
The agriculture industry in India is at the crossroad of a new revolution. The entire food chain is supposed to be modernized and the production is expected to be doubled in the coming 10 years. Apart from domestic demand, this industry brings in huge export prospects. Organic farming is also in the rise as demand for hygienic food demand is on the increase. Agriculture-related industries open up huge business opportunities in India at present. Read More
#3. Arts & Crafts
Any individual having expertise and passion about any types of crafts making can initiate a profitable home based crafts making business. Crafts making business can be initiated as a home based and can be operated as part-time also. Today’s crafts industry has significantly shifted in consumer demand, towards value-centered products, services, and experiences which meet emotional – as well as functional – needs. Read More…
The automobile industry is growing rapidly in India. The automobile industry accounts for 7.1 percent of the country’s gross domestic product (GDP). The Two Wheelers segment with 81 percent market share is the leader of the Indian Automobile market owing to a growing middle class and a young population.
India is also a prominent auto exporter and has strong export growth expectations for the near future. In FY 2014-15, automobile exports grew by 15 percent over the last year. The Government of India encourages foreign investment in the automobile sector and allows 100 per cent FDI under the automatic route.
The Indian automotive sector has the potential to generate up to US$ 300 billion in annual revenue by 2026 and contribute over 12 percent to India’s Gross Domestic Product, as per the Automotive Mission Plan 2016-26 prepared jointly by the Society of Indian Automobile Manufacturers (SIAM) and government. Automobile business ideas in India is considered as a profitable investment opportunity for the entrepreneurs. Read More…
#5. Beauty Healthcare
The healthcare sector in India is diversifying and opportunities are emerging in every segment of the industry. The Indian healthcare sector is expected to register a compound annual growth rate (CAGR) of 22.9% during 2015-20 to US$ 280 billion.
Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. The private sector has emerged as a vibrant force in India’s healthcare industry, lending it both national and international repute. It accounts for almost 74% of the country’s total healthcare expenditure. Telemedicine is a fast-emerging trend in India.
The Government of India is also providing policy support in the form of reduced excise and customs duty, and exemption in service tax, to support growth in healthcare. Investment in healthcare infrastructure is set to rise, benefiting both ‘hard’ (hospitals) and ‘soft’ (R&D, education) infrastructure. Read More…
The biotechnology sector in India is highly innovative. The sector, with its immense growth potential, will continue to play a significant role as an innovative manufacturing hub. The Indian biotech industry holds about 2 percent share of the global biotech industry.
The biotechnology industry in India, comprising about 800 companies, is growing at an average rate of about 20 percent. Bio-pharma is the largest sector contributing about 64 % of the total revenue followed by bio services (18 %), bioagro (14 %), bio-industry (3 %), and bioinformatics contributing (1 %). The high demand for different biotech products has also opened up scope for the foreign companies to set up base in India.
#7. Business Services
Service Business ideas are the more popular among the new entrepreneurs. It also comparatively easy to start than a product-based company. It demands less infrastructure, means less capital investment. You will find service based businesses in almost every industry. Such as agriculture, apparel, advertising, automobile, food, beauty & wellness, transport, tourism etc. It mainly caters consulting, cleaning, delivery, business support, and many other types of services. Most of the businesses you can start home-based and part-time basis. Read More…
According to a report of FICCI, Indian chemical industry is expected to register a growth of 8-9% in the next decade. It is also expected to double its share in the global chemical industry to 5-6% by 2021. Individuals from chemical engineering field or having experience in chemical product manufacturing, are now thinking of initiating a small scale venture in chemical manufacturing. The Indian Chemical Industry comprises both small and large-scale units, and presently, there are about 70,000 chemical manufacturing units located in the country. A major component (in numbers) are covered in the small scale sector. Read More…
Consulting is not just everyone’s cup of tea. Definitely, it is an exciting and profitable venture to start as a home-based also. However, risk propositions are always there. To be a successful business consultant, the ability of listening to your customer’s need is a must. It also requires the ability to explain to your customer. Consulting is about communication and networking. Good communicators do well in consulting. Read More…
The eCommerce sector has seen unprecedented growth in 2015. The growth was driven by rapid technology adoption led by the increasing use of devices such as smartphones and tablets, and access to the internet through broadband, 3G, etc, which led to an increased online consumer base.
According to a report by Goldman Sachs, India’s eCommerce market is expected to breach the $100 billion mark by 2020, triggered by increasing internet usage, discounting and investment by online retailers.
India’s overall retail opportunity is substantial, and coupled with a demographic dividend like young population, rising standards of living and upwardly mobile middle class and rising internet penetration, strong growth in eCommerce is expected. From an investment perspective, the market is a primarily minority stake market, with maximum traction in early-stage deals.
With a huge number of young population, India is a lucrative market for education business. The education sector in India is poised to witness major growth in the years to come as India will have world’s largest tertiary-age population and second largest graduate talent pipeline globally by the end of 2020.
Currently, higher education contributes 59.7% of the market size, school education 38.1%, pre-school segment 1.6%, and technology and multi-media the remaining 0.6%. At present, higher education sector witnesses spending of over Rs 46,200 crore (US$ 6.96 billion), and it is expected to grow at an average annual rate of over 18 percent to reach Rs 232,500 crore (US$ 35.03 billion) in next 10 years.
Various government initiatives are being adopted to boost the growth of distance education market, besides focussing on new education techniques, such as E-learning and M-learning. Read More…
#12. Energy Solutions
In a power-starved nation, the need to develop cost effective and power saving devices is gaining more significance. There is a huge demand for low-cost sustainable energy saving devices as well. Alternative power like solar power brings in a new avenue of business opportunities for young entrepreneurs.
#13. Engineering Goods
India continues to be one of the fastest growing exporters of engineering goods, growing at a rate of 30.1 per cent. The government has set a target of $110 billion by 2014 for total engineering exports. Entrepreneurs must capitalize on the booming demand for products from the engineering industry.
the entertainment business is definitely a glamorous industry and strategic planning with knowledge is required to be a successful one in this business. The global entertainment and media market of today’s cater every broadcasting medium from newspapers, magazines, TV and radio and popular forms of entertainment such as film, music and books, the web. The compound annual growth rate of the entertainment and media spending worldwide has been predicted between 2013 and 2018, by sector. Projections indicated that the sector which will see the most compound annual growth rate will be internet advertising, which will grow by 10.7 percent during the stated time. In comparison, magazine publishing is expected to shrink on an annual basis by 1.9 percent. Read More…
#15. Export Import
Import export business can be initiated as home based basis with a small startup capital investment. As your business grow, you will find a lot of expansion opportunity in this business.
The most crucial factors are to identify the right import export investment opportunity and crafting a legitimate marketing plan to get success in this business. Import export business is highly regulated by Government Authority. Before starting, you must know which product is profitable for export and which one will generate more revenue from import. Read More….
#16. Food Processing
Food processing refers to various techniques and operations by which raw foodstuffs are transformed into food that is suitable for consumption, cooking or storage. India is the 2nd largest producer of food in the world, and the food processing sector in the country is expected to double in the next decade.
The ever-growing consumer demands have opened up huge investment opportunities for foreign and private entities in the food processing and equipment industry. Making the food available at the doorstep is another booming food service sector in India. The areas for growth and expansion in this sector are expected in food processing, packaging, canning, refrigeration, Thermo processing, and speciality processing. Read More…
With the globalization of Indian economy more and more international brands are entering Indian market and expanding through a franchise model. Indian brands also accepting franchise model in expanding their business network through franchising. These is creating lot of business opportunities for young Indians to start business ventures. I have written in detail about franchise business opportunities below. To check the franchise opportunities in India Click Here
#18. Hospitality & Tourism
Hospitality and tourism are vast areas of providing different types of services. It includes broadly restaurants, restaurant chains, food services, hotels, transportation, photography, business and leisure travel, holiday destinations and activities, camping, and the cruise industry. The travel & tourism sector has developed into an industry with an annual economic impact of around 6.5 trillion U.S. dollars worldwide. The industry is growing. Putting investment in hospitality and tourism industry is worth it. Read More…
#19. Information Technology
India is the world’s largest sourcing destination for the information technology (IT) industry, accounting for approximately 67 percent of the US$ 124-130 billion market. The industry employs about 10 million workforces. More importantly, the industry has led the economic transformation of the country and altered the perception of India in the global economy. The Indian IT sector is expected to grow at a rate of 12-14 per cent for FY2016 in constant currency terms. The sector is also expected triple its current annual revenue to reach US$ 350 billion by FY 2025, as per National Association of Software and Services Companies (NASSCOM). Read More…
#20. Leasing & Renting
Starting a leasing and renting business definitely, a smart way where you can earn huge profit. Leasing and renting businesses have long been a popular moneymaking industry, mainly because although not everyone can afford to purchase luxury or recreational equipment, but they can pay the rent. The other reason is the seldom requirement of that essential equipment that doesn’t comply the purchase. The startup cost of leasing and renting business ideas can be high depending on the types of products and equipment that you purchase to rent. Read More…
Leather industry occupies a place of prominence globally. Recently, the demand of leather goods industry has grown with a consumer demand of new design and innovative fashionable leather products. Leather industry revenue is forecast to reach $91.2 billion by 2018, with a CAGR of 3.4%. Though some of the business in the leather industry is capital and management intensive, there are also some opportunities you can initiate with less capital investment even as a home based. Read More…
#22. Oil & Gas
Backed by new oil fields, domestic oil output is anticipated to grow to 1 MBPD by FY16. With India developing gas-fired power stations, consumption is up more than 160 percent since 1995. Gas consumption is likely to expand at a Compound Annual Growth Rate (CAGR) of 21 percent during FY08–17. Presently, domestic production accounts for more than three-quarters of the country’s total gas consumption.
India is the fifth-largest Liquefied Natural Gas (LNG) importer after Japan, South Korea, the United Kingdom and Spain and accounts for 5.5 percent of the total global trade. The country’s gas production is expected to touch 90 Billion Cubic Metres (BCM) in 2040 from 35 BCM in 2013. Gas pipeline infrastructure in the country stood at 15,808 km in December 2015. Read More…
#23. Recycling & Waste Management
According to a UN study computer waste in India alone will be growing by 500 per cent from 2007 levels by 2020. E-waste is expected to escalate to alarming proportions in the developing world in near future. Recycling and E-Waste sector open a tremendous business opportunity for entrepreneurs in terms of e-waste management and disposal. The magnitude of garbage that we produce is increasing day-by-day at a disturbing rate. While most people are aware of the effects of not recycling used materials, much more are not even aware that recycling can be a lucrative business. You must know the recycling of the specific product that you want to recycle. This is also an eco-friendly operation. Most of the recycling business are considered as small-scale manufacturing. Read More…
The Boston Consulting Group and Retailers Association of India published a report titled, ‘Retail 2020: Retrospect, Reinvent, Rewrite’, highlighting that India’s retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, driven by income growth, urbanization, and attitudinal shifts.
The report adds that while the overall retail market is expected to grow at 12 per cent per annum, the modern trade would expand twice as fast at 20 per cent per annum and traditional trade at 10 percent.
Retail spending in the top seven Indian cities amounted to Rs 3.58 trillion (US$ 53.7 billion), with organized retail penetration at 19 percent as of 2014. Online retail is expected to be at par with the physical stores in the next five years. Read More…
#25. Science & Technology
India is among the world’s top 10 nations in the number of scientific publications. Position-wise, it is ranked 17th in the number of citations received and 34th in the number of citations per paper across the field of science and technology (among nations publishing 50,000 or more papers). The country is ranked ninth globally in the number of scientific publications and 12th in the number of patents filed. There are a lot of opportunities in this field for small entrepreneurs.
#26. Small Scale Manufacturing
Manufacturing has emerged as one of the high growth sectors in India. India’s manufacturing sector has the potential to touch US$ 1 trillion by 2025. There is potential for the sector to account for 25-30 percent of the country’s GDP and create up to 90 million domestic jobs by 2025. Business conditions in the Indian manufacturing sector continue to remain positive. Read More…
#27. Social Ventures
Many aspiring young Indians are taking up social entrepreneurship for a cause. Helping the less privileged get into employment and make a viable business is quite a challenge. There are many who have succeeded in setting up social ventures. With a growing young population in rural areas who have the drive and enthusiasm to work, entrepreneurs can focus on this segment.
With the anticipated hyper-growth, the software product start-up segment is estimated to generate 250,000-300,000 jobs by 2020, as against the current 65,000-75,000. According to a report by Nasscom, six locations in India make for nearly 90 per cent of the overall software product start-up activity. These are Bangalore, Delhi (along with the National Capital Region), Mumbai, Hyderabad, Pune and Chennai. And, Kolkata, Ahmedabad, Kochi, Jaipur, and Thiruvananthapuram are fast emerging as other hot locations.
India is the topmost offshoring destination for software companies across the world. Having proven its capabilities in delivering both onshore and offshore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top software firms in India.
India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and a half. The Indian mobile economy is growing rapidly and will contribute substantially to India’s gross domestic product (GDP), according to report prepared by GSM Association (GSMA) in collaboration with the Boston Consulting Group (BCG). Driven by strong adoption of data consumption on handheld devices, the total mobile services market revenue in India is expected to touch US$ 37 billion in 2017, registering a Compound Annual Growth Rate (CAGR) of 5.2 percent between 2014 and 2017, according to research firm IDC. Read More…
India textile industry largely depend upon the textile manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textile exports. Cotton, silk, woolens, readymade garment, hand-crafted textile, jute and coir are the some of the prominent sector in the textile industry in India.
Readymade garments were the largest contributor to total textile and apparel exports from India in FY 2015. The Indian government has come up with a number of export promotion policies for the textiles sector. It has also allowed 100 per cent FDI in the Indian textiles sector under the automatic route. Read More…
Statewise Low-Cost Small Business Ideas In India
|Andaman & Nicobar Island||Arunachal Pradesh|
|Dadra & Nagar Haveli||Daman & Diu|
|Jammu & Kashmir|
In order to build the momentum and accelerate the progress in the small business sectors in India, the Govt. has taken several initiatives. We hope, this industry wise list of small business ideas in India will definitely help the young entrepreneurs to take a decision in their startup operation.