Due to market trends, India’s economy is growing rapidly. A shift to digital models has ensured that everyone can develop. As the economy improves and incomes rise, we’re better equipped to solve problems.
Due to international trade, government stimulus, and a strong developing country, India’s business landscape is ready to grow. Today, we’ll explore several business opportunities in multiple sectors with a young population rising to leadership and technology driving growth and innovation.
Due to India’s large population, consumer numbers are rising. Businesses can capitalize on consumers’ constant search for new products.
Here are the most profitable big business ideas you must write down today!
Rural Drone Delivery
Shipping to rural areas is in demand, as mentioned. As internet access improves, delivery to these areas will increase.
By serving rural areas, the rural drone delivery company solves this issue. Drones can safely carry large parcels. They can also fly to these rural areas without worrying about the rough terrain.
Buy a couple of drones and start partnering with rural businesses that need regular shipments to start this business.
Blockchain Ledger for Shipping & Border Customs Company
Blockchain technology firm. This time it speeds up and streamlines border shipments. India’s huge exporting economy means many shipments are opened and checked to prevent drug smuggling.
The blockchain ledger for shipping would register each package sent so customs could verify who sent it, what it is, and where it is going without opening the package. This saves time and money.
Blockchain technology development knowledge is needed to implement this business idea. One could approach e-commerce companies to help them ship faster and make more money.
DDOS Cyber Attack Prevention Security Company
DDOS attacks—where hackers flood a website with traffic to crash it—are becoming a major threat to some Indian businesses. With faster internet speeds nationwide, more hackers will target companies as they grow.
Creating a company that can identify and prevent DDOS attacks solves this problem. Although some firms do this, there is much room to make money. Due to the server space, software, and coding needed to create a DDOS prevention company, this would be a medium-cost business. However, the creator could charge a lot for the service since some businesses could lose thousands of dollars in hours if their website went down.
It’s been done before, but this business idea is in demand. Small businesses need websites, according to many reports. Web designers are needed because not all small business owners want to do this themselves.
This startup requires only web design skills and a computer. Start by asking every local business if you can help.
Online Conversion Specialist
Again, with the rising demand and need for small businesses to engage with customers online, especially mobile, there are business ideas to help these struggling people. Converting online traffic into sales is the job of an online conversion specialist.
Like the web designer business idea, this low-cost idea can be executed with a computer and knowledge of how to write copy and create pages that convert visitors into buyers. Unlike the web designer business idea, you would work with companies that already have websites and want to convert their traffic into sales.
Website to App Conversion Company
Websites and web apps are being converted into native mobile apps due to the rise of smartphones and higher internet bandwidths. Business owners in India would benefit from this business idea.
This is a low-cost business idea if you can code and make apps. To keep costs low, one could easily find a partner for this business idea with many programmers available.
Wifi Installation Company
As mentioned, the Indian government is investing heavily in internet access for all. With this support, wifi internet solutions can grow as mobile phones get faster, and customers demand internet everywhere. Installing wifi routers is inexpensive, so that this company could start cheaply.
To implement this business idea, you could approach public malls and other high-traffic areas and ask the owners if you can install wifi hotspots. You could open it publicly and sell the data after installing it. A subscription or per-minute fee could apply otherwise.
IT as a service provides server and hardware space to other companies. Due to the high level of IT professionals who can manage hardware and equipment, this is very popular.
This business starts with a few servers, computers, and technology to outsource to your first customers. As you grow, the company may buy more supplies. Because IT companies can buy cheap equipment, this is a good business idea for India.
International Trade Consultant Company
International trade boosts exports and imports. You could start a company that helps other Indian companies expand globally by providing your shipping and handling expertise.
As the business grows, this idea will gain popularity. Another option is to help foreign companies trade in India. With a background in international trade, startup costs may be low.
Health Record Digitization & Sharing (Blockchain)
One’s medical records will need to be accessed by multiple doctors in different locations. For instance, a patient may switch doctors after moving to a closer location. Starting a new medical file or retrieving the previous one from the doctor is a hassle.
This company would create medical records that registered doctors could securely and efficiently share. The best part is that patients and doctors can see who last accessed their files. Blockchain technology is new, and health records are massive, so that this company would require a large investment. Any large investment can yield large returns.
Disaster Relief App
As mobile phone use rises, so do opportunities to help others. Sensors would cover the tallest buildings, those on tectonic plates, and hurricane-prone areas in the Disaster Relief Location Finder. Thus, sensors would alert users of impending disasters.
Second, it would send a location signal to your family in a disaster. The app’s development would be cheap, but the sensor setup would be expensive. Since it gives disaster victims peace of mind, you could charge a subscription fee.
Sales of vinyl records reached an all-time high in 2016. It shows a strong niche market.
A small shop or warehouse would develop and print vinyl records for this company. Since only some people do this, providing this could serve a niche audience. Machines that can do this require investment. This is a good business idea for India’s music industry.
E-Commerce Vinyl Record Store
Following the e-commerce and vinyl record trends, this online vinyl record store would sell rare or popular records. You could buy cheap records from an Indian manufacturer and sell them abroad. If you love vinyl records, you can start this low-cost business.
Business Lending Peer-to-Peer
Peer-to-peer lending is a great business model because it helps communities and people who need loans the most and costs little to start. Because only some people want or can get a bank loan, the peer-to-peer lending platform is great.
Investors received high-interest rates on loans. It invests alternatively. You would start by creating a secure platform where users could upload their money and create accurate credit scores.
Population and city densities are making land scarce. This has made providing affordable, sustainable fresh produce to communities difficult. One could harvest produce for a city or town by building vertical greenhouses like skyscrapers with multiple levels of fruit and vegetables.
This would reduce transport costs, produce fresher food, and use less space than a traditional farm. Over time, robots and sensors could manage each facility level to grow the perfect product.
It would be expensive to buy a building, but it would benefit the community and make money in the long run.