Thursday, April 23, 2020

What are some of the best business ideas in India ?


India is home to rich human resources and undoubtedly a very large population. We are amongst the strongest developing economies. With cheap resource availability and unutilized talent pool, India is in need of entrepreneurs and business person to undertake varied business activities and employ its workforce. 

Now if you have all it takes to be a business man but are unaware of the business ideas you could undertake, you’re in good luck. With simple research on Internet you would be surprised with the hundreds of low capital high value business ideas. This article offers insight into 8 business ideas that could be sure hit in India. 

1. E-commerce stores with niche products

India is widely known for its diversified culture which is also a home to thousands of artistic and handicrafts industry. With E- commerce industries on surge, it is best time for these niche handicraft products to find their way on E-commerce platforms. It is no longer a time when people faced difficulties placing a trust on E-commerce platforms. 

2. Solar energy

Electricity consumption is on surge and perhaps the best time for Indian entrepreneurs to invest in affordable solar setups. One of the obstacles in India not turning their way towards solar consumption in residential setups is their high costs. With proper research if affordable solutions are offered, then there is a large Indian market to capture.

3. Delivery solutions

With E-commerce on rise, there is an increasing demand for delivery solutions in India. Cheap, affordable and fastest delivery solutions are welcomed in the country that is witnessing an increased growth in E-commerce. 

4. Mobile wallet

Digitalization is taking place and there is an increased demand for mobile payment solutions that are quick, effective and secured. 

5. Digital marketing company

Digital marketing is the need of an hour and almost every firm is placing their foot forward on digital platforms. With minimum capital requirements, digital marketing firm is perhaps the best innovative business idea. 

6. Tech firms

Now when I say tech firms, I don’t necessarily mean IT solutions. Times of today demands solutions of IOT, AI, VR, AR to ease functioning in every industry. If you could find disruptive innovations that could solve numerous problems, then your business is bound to succeed. 

7. Website to app

Internet usage through mobile is increasing with every passing day and businesses are finding solutions for easy conversion of their websites to mobile applications. 

8. IT as a service company

Offer IT solutions to business firms with minimum capital investment. This business idea is hit as its services are tremendously in demand and it requires minimum capital investment.
These are among the varied business ideas that could help you get started in India with guaranteed customer base.

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