Top-10 Most Profitable Businesses In India [Best Business Ideas]

. 11 min read
Top-10 Most Profitable Businesses In India [Best Business Ideas]

Table of Contents:

1. Best Business In India

2. Most Profitable Businesses In India

3. Most Profitable Business Opportunities In India

4. Best Low Investment Businesses In India

5. FAQs on Business Opportunities In India

1. Best Business In India

If you're planning to start a business in India and looking out for some profitable business ideas then you're at the right place! Market trends are constantly changing everyday. In a nation like India, which is a fast developing country, there are always new avenues for investment and exploration. However, the overall state of economy and society play a vital role in determining the demand for various services and products.

With the growth of e-commerce and artificial intelligence, the digital sector of India continues to boom. Also, there is an increase in the per capita income of the average Indian, hence increasing the disposable income. Products which were perceived as wants are now classified as needs and there is an overall shift towards better standards of living.

Here, in this article, we'll take a look at some of the best and profitable business in India.

2. Most Profitable Businesses In India

Soon after the COVID 19 lockdown, there has been a paradigm shift in the user behaviours. With work from home being the new normal, the demands for certain things has risen, especially in Tier II and Tier III cities. This is the reason why most of the people are switching to businesses. If you're also one of those people, we have listed best profitable businesses in India in 2021 for you.

  • Website Designing
  • Interior Designing & Decoration
  • Real Estate
  • Building Materials
  • Wedding Planning
  • Pharmaceutical Business
  • Travel Agency
  • Organic Farming
  • Food & Beverage Business
  • Labour Contractor Business

1. Website Designing: A profitable business for techies

Blogging and digital marketing are some of the most popular options for employment. This has created a heavy demand for online resources. Almost every firm today has a website of its own. According to a report by Adobe, 48% of people cited that the design of the website was the primary factor in determining the credibility of a business. Furthermore, the lockdown has rendered physical spaces almost obsolete. Reports note that online shoppers in India reached 120 million in 2018 and are expected to reach around 220 million by 2025. This high demand for websites makes it one of the best businesses in India.

2. Interior Designing and Decoration: Best business for creative minds

According to reports, the market for interior designing and renovation in India is estimated to be between USD 20 Billion- USD 30 Billion. Aesthetics is no longer a concept in the homes of the uber-rich. A large number of middle class families are opting for modern kitchens, fancy interior decorating, quality upholstery and new colour schemes. There is also a high demand for furniture and lighting, especially antiques. As a result, interior designing and decoration had become a popular topic in not just architectural and designing firms, but across social media as well. The domain is witnessing a large number of influencers particularly on Instagram and Facebook. Undoubtedly, it is one of the most profitable businesses in India.

3. Real Estate: A booming business in India

Real estate has always been a thriving sector in India. The real estate sector in India is expected to reach US$ 1 trillion by 2030. Rapid rate of urbanisation, as well as a growing rate of nuclear families, real estate is a booming sector across India. Housing sales alone reached 2.61 lakh units across seven major cities of India in 2019. However, a real estate business is quite expensive. It requires a high amount of capital for high returns, and lower investments do not fetch much profits. Indeed, it is one of the best business in India.

4. Building Materials: 'Make in India and Build in India'

With a growing market for real estate, one can also expect an increase in building materials. This is particularly with steel, as current trends indicate that India might grow to become the second largest exporter of steel. Reports suggest that Indian steel industry would produce about 300 million tonnes by 2029-2030. This demand is also fuelled by the growing auto industry. While steel is imported too, the government has recently placed a lot of emphasis on 'Make in India and Build in India'. These initiatives have been very successful in domestic production.

5. Wedding Planning: A business with huge potential

Gone are the days of two day weddings and a simple ceremony! India is seeing a spike in destination weddings or atleast themed weddings over the past few years. The wedding industry is developing so rapidly so as to inspire multiple cinemas and TV shows as well. The 'Big Fat Indian Wedding' market is around $40-50 million in worth and is growing at a rate of 30-40% every year. This is an excellent business option for a beginner as it caters to multiple income brackets and you can make a choice based on your budget.

6. Pharmaceutical Businesses: A business that you can rely on

Next on our list of best business in India is the pharmaceutical business. Today, India is the world’s largest exporter of generic drugs. The Indian pharmaceutical market is the fastest-growing and the most competitive amongst all in the world. The revenue in financial year 2020 was $55 million, clearly indicating the scope for profit in the domain. The pandemic has increased the purchase of drugs further over the past months. The industry is very competitive with a large workforce including scientists and engineers, as well as entrepreneurs and other businessmen who are a part of the distribution.

Best profitable business in India

7. Travel Agency: For the wanderlusts

India is a very common tourist destination owing to its picturesque landscapes, stunning architecture as well as myriad cultures. Starting a travel agency anywhere in India is sure to fetch a significant profit. According to the WTTC, India ranks 10 out of 185 countries for contribution of tourism to the GDP. However, the business will require good collaboration between multiple stakeholders such as for, hospitality and transport.

Organic farming has become extremely popular in India. Recent concerns over chemicals used as pesticides as well as preservatives has propelled a lot of people to explore the organic farming market. One can enter the organic farming business in two capacities- as a cultivator of the crops or as the distributor of the same.India comprises close to 30 percent of the total organic producers across the globe.

9. Food and Beverage: A business with good profit margin

India is the fastest growing economy in the world with 1.25 billion consumers of food and beverages. It is home to a large variety of cuisines, each of a different flavour and appeal. These are primarily due to the use of a number of spices during cooking. Exporting of these spices is a very lucrative business idea. Most of these spices are produced in small scale industries. Once a network is developed, and export permits are obtained, the business can be highly profitable as India is one of the largest exporters of spices. Similarly, taking up franchise of a beverage chain can also reap significant profits. These all factors make it one of the best types of business in India

10. Labour Contractor: The business with evergreen demand

Finally, with a developing economy and a population as large as India, recruitment is undeniably one of the most happening sectors.Contract workers make up 34% of India's massive workforce. It is a fairly easy business to enter with minimal capital requirements. There are quite a few legal requirements around this business as you will be working directly with human capital. However, the business will always be on demand and is very viable for people with minimal financial investment.

3. Most Profitable Business Opportunities In India

These are the top ten businesses that are currently flourishing in India. The Indian market is also home to many other ventures. Finally, it is the ability of the entrepreneur in terms of finance, skill and effort that determines the scope of development of any business. Let us walk you through ten most profitable business opportunities in India that you can start in 2021.

  • Digital Marketing Services
  • Content Writing
  • Tutoring
  • App development
  • Drop shipping Business
  • Home-based catering
  • Consultant
  • Stock Photographer
  • Accounting Services
  • Medical courier service

By going through the above-mentioned ideas, we hope that you’re pumped up to explore these most profitable businesses in India.

4. Best Low Investment Businesses In India

There is an old-school thought that states that to start a business, you need high investment. Times have changed and the truth is completely different. Now you don't need heavy investments and can easily start a business with zero investment. Check out the best business opportunities in India that need low to zero investment:

  1. Paintings And Arts- If you are a painter or an artist, this could be the perfect zero investment business for you. You can sell your art pieces and paintings on various social media and online platforms.
  2. Coaching Classes- You can start teaching junior classes to build confidence before targeting advanced classes.
  3. Customised Gift Baskets- People need gift baskets for all occasions like anniversaries, birthdays, etc. This is a high-profit zero business idea to start your entrepreneurial journey.
  4. Customised Printing On Merchandise- This zero investment business involves printing customised merchandise like t-shirts and caps. This small business idea is relatively easy to handle because payments are mostly made in advance.
  5. Sell a service online- Many websites allow you to list yourself as a service provider like photographer, content writer, fitness trainer, dietician, etc.
  6. Career Guidance And Counselling- Career guidance and consulting business can easily be started online, and you can work from home. You can list yourself on any online platform and provide students with online counselling.
  7. Dropshipping And Resale Store- Dropshipping is a completely zero investment business where you act as a middleman between manufacturers and customers. In the resale business, you first purchase products at discounted prices and then sell the same to other customers at higher prices.

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5. FAQs on Business Opportunities in India

Q. Which business is highly profitable in India?

Ans- Event Management is one of the most profitable businesses in India. It is one of the few businesses that were still operational in smaller frequencies even during the COVID-19 Pandemic.

Q. What businesses are in demand in 2021?

Ans- These great business ideas will make you hit gold in 2021:

  • Medical Delivery Services
  • Consultancy Services
  • Counselling Service
  • Online bookkeeping eg: OkCredit
  • Online Reselling
  • Online Teaching

Q. What is the fastest growing business in India?

Ans- The Indian pharmaceutical market is the fastest-growing and the most competitive amongst all in the world. The revenue in the financial year 2020 was $55 million, clearly indicating the scope for profit in the domain.

Q. What is the best upcoming business?

Ans- These are the top 10 best business ideas for India (2021):

  1. Online Courses and Coaching
  2. Podcasts
  3. Sell Custom Printed Products (T-shirts, Mugs)
  4. Instagram Influencing
  5. Youtube Channel (Food, Travel, Lifestyle)
  6. Graphic Designing
  7. Web Development Services
  8. Starting an Ecommerce Business
  9. Blogging
  10. Affiliate Marketing

Q. What is the easiest business to start?

Ans- The easiest business to start is the Service Business if you're a beginner. It is basically selling your skill, labour or expertise in the place of goods and products.

Q. What businesses are in demand in 2021?

Ans- These great business ideas will make you hit gold in 2021:

  • Medical Delivery Services
  • Consultancy Services
  • Counselling Service
  • Online bookkeeping eg: OkCredit
  • Online Reselling
  • Online Teaching

Q. What business is in high demand in India?

Ans- Indian handicraft items manufacturing business is in high demand in India. It helps in bridging the gap amongst customers and artisans and can be started via low investments. Hence, guaranteeing a future monetary benefit.

Q. What are some of the most profitable business in India?

Ans- Some examples of the most profitable business in India are:

  1. Personal Training or Coaching
  2. Food Trucks
  3. Information Technology
  4. Repairing Services (Plumbing, Automobiles, Phone)

Q. What is the best upcoming business?

Ans- These are the top 10 best business ideas for India (2021):

  1. Online Courses and Coaching
  2. Podcasts
  3. Sell Custom Printed Products (T-shirts, Mugs)
  4. Instagram Influencing
  5. Youtube Channel (Food, Travel, Lifestyle)
  6. Graphic Designing
  7. Web Development Services
  8. Starting an Ecommerce Business
  9. Blogging
  10. Affiliate Marketing

Q. Can you suggest some small business ideas in India under Rs 10000?

Ans- Here is a List of Businesses You Can Start Within 10000 Rupees in India:

  • Candle Marketing
  • Copywriting business
  • Mobile Repair Shop
  • Affiliate Marketing
  • Tuition Classes
  • Food Stall
  • Homemade Healthy Sweets & Savories

Q. What are the most successful small businesses?

Ans- This is a list of the 10 most profitable small businesses:

  1. Offices of Real Estate Agents and Brokers
  2. Legal Services
  3. Real Estate Leasing
  4. Dental Practices
  5. Outpatient Clinics
  6. Financial Planning & Advising
  7. Bookkeeping
  8. Accounting
  9. Tax Preparation
  10. Storage & Warehousing

Q. What are the different types of business ownership in India?

Ans. The following are the different type of business ownership in India:

  • Sole proprietorship
  • Private limited
  • Public Limited company
  • NBFC
  • Co-operative organisation
We hope you liked our article. To know more details about business ideas in India, you can visit these linked articles as well:
Business Ideas in Goa Business Ideas in Assam Business Ideas for Rural Areas
Business Ideas in Rajasthan Business Ideas for Student Business Ideas For Entrepreneurs