With the growing trend of successful business, the new entrepreneurship has brought a new change in our economy. From Made in India to G20 summit, India is emerging as a top 5 economy in the world.
Let’s discuss about the five most lucrative business ventures in India that have achieved remarkable success
Food and beverage business
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With a population of approximately 1.25 billion individuals who have a strong affinity towards food, India has a significant consumer base for the food industry.
Furthermore, the country displays remarkable economic growth, making it one of the fastest-growing economies in the world. Food plays an essential role in India’s culture and heritage, where every subculture boasts distinguished cuisines and dishes.
For entrepreneurs seeking a profitable venture, exporting spices or franchising a food chain in India can yield substantial revenues. As one of the largest spice exporters,
India offers a lucrative market for such ventures, which can leverage the ever-evolving food trends to generate substantial profits. Consequently, it is not surprising that such a business falls under the top ten business opportunities in India.
Organic farming
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Based on the latest census and statistical data, it is evident that farming and agriculture is a significant occupation, undertaken by nearly 70 percent of the Indian population. Notably, agriculture has been identified as one of the top 10 businesses in India.
Due to the availability of ample natural resources and fertile land, organic farming has emerged as a lucrative enterprise in the country. Interestingly, India boasts of nearly 20 percent of the overall global organic producers. Also read 10 Best Small Business Ideas You Can Start Easily
Tourism business
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For those with a passion for travel, India offers one of the most lucrative business opportunities in the world. As one of the most sought-after tourist destinations globally, India attracts a significant number of international travelers each year.
With a commendable ranking of 10th out of 185 countries for its contribution to GDP through tourism, India’s potential for economic growth in this sector is undoubted.
Achieving sustainable growth, however, requires businesses such as travel agencies to collaborate with other complementary industries, including hospitality and transport, to provide the impetus needed for success.
Pharmaceutical Business
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When the population size is so big. The need for medicine will also be high because people are now suffering diseases more frequently than 15 years before. The poor management of everything and the unhygienic lifestyle are causing the major reason for this. And this create the pharmaceutical business more profitable day by day.
India holds a prominent position amongst the world’s leading contributors and exporters of generic drugs. This is reflected in the revenue earned by the Indian pharmaceutical industry, which amounted to 55 million dollars during the financial year of 2020.
This industry presents an immense potential for progression and advancement considering the current influx of modern pharmaceutical trends. The industry offers a vast array of career opportunities, therefore serving as a viable avenue for professional growth.
With an extensive workforce comprising of doctors, engineers, scientists, and researchers, the pharmaceutical industry in India continues to exhibit consistent growth and progress. Also know about Under a Bridge in Asia Lies the Largest Flower Market in the Region. Read to Know More…
Website designing
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The world is going online the perspective of any person about a successful business is that whether that business has its own website or not. If they have than how great that website is working or it is there for a show. People have created a stricter checklist before deciding anything about any business. Business need a great website and so here comes in handy the website designers.
Contemporary trends in marketing have indicated a surge of interest in digital marketing, as well as a rise in online blogging and vlogging. In this day and age, content creation and blogging are viewed as highly coveted professions.
According to a recent survey conducted by Adobe, an overwhelming 48% of respondents cited website design as a crucial factor in determining the authenticity and reliability of a business. Due to the current pandemic and its impact on daily life, online businesses have become ubiquitous.
As such, technology experts are uniquely positioned to aid and assist start-ups and newly established online businesses in the development of their web presence. Given the heightened demand for professional websites, setting up a web design agency is now viewed as one of the most lucrative industries in India.
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