Profitable Businesses in India - India is a country with a huge potentiality and opportunity to explore and excel in a very short period. The opportunity also expanded with the emergence of digital India and skill India in recent times and by obtaining a record-breaking position within 3 years, from 130th position in 2016 to 63rd position in 2019 among 190 economies. The most trending business for India entry can either be initiated through the online or offline medium. Certain businesses could be incorporated with a low-cost investment and fewer legal formalities. These businesses are also the most cost-effective Indian businesses which help the nation in increasing its GDP. Here are Top profitable businesses in India today gaining maximum attention.
- Scrap Business: Scrap business includes rag pickers, intermediaries, recycling factories & affluent businessmen who work on scrap collection and earn their share of profit while running parallel to the MCD’s waste management system. This is the most leading and profitable business for India entry.
- Event Management: It is one of the most profitable businesses consisting of a wedding ceremony or Launching Company’s product launch or any other function where people plan an event and celebrate together on a larger scale. Creativeness is a great game in creating this profession a fruitful one.
- App-based Bus Service: Low-cost app-based bus service can make you earn huge profits in a short span by simply booking the bus in advance and as per an individual’s choice on ticket rates, bus routes, etc. It could be an exceptionally beneficial business with a small investment if you let people book buses from an app.
- Property Management: Individual needs to have an adequate workplace and should take the accountability of documentation which will save the time of individuals and proves out to be profitable.
- Shoe-Wash Company: Individuals have started using trendy sneakers, and they wish to keep them appropriately. Thus, it requires a fair degree of advertising skills and knowledge of how to consume chemicals. So, managing and maintaining the standards of shoe people require expert cleanliness and thus shoe-wash Company is an emerging business.
- Housekeeping Services: The demand for hotels keeps increasing in countries like India where the main aim is to give clean rooms with the best facilities to its clients. Housekeeping service is a growing business and sustaining in the market requires great communication and managerial skills.
- Temporary Manpower: For carrying out different event services there is a need for a temporary workforce. Under this temporary personnel services, individual provides household and companies services as per their need. This profession can turn out as a great achievement with good networking skills.
- Pre-Recruitment Assessment: Pre-Recruitment Assessment is another profitable business venture to invest in where companies want to hire the best possible employee. Pre-Recruitment Assessment services can help the companies by providing them with some services by evaluating the candidates based on their performance in these tests.
- Custom-made Gifts: There is a common practice in India to exchange gifts on every occasion, be it a festival or a birthday. Today’s generation believes in offering customized gifts like customized jewelry, cards, customized videos, etc. It is significant in this line of business that you are inventive, delicate, understanding, and seek innovative gifts.
We at ASC offer expert business start-up consulting services and help you with end-to-end advisory and consulting to prepare your business for entry into India.