India, a country of 1.3 billion people, is being looked upon by the rest of the world for various other reasons. One of the billion reasons is the scope for business and highly potential market that can make any underdog company make a fortune in a fortnight. And the credit to being one of the most ambitious and progressive markets in the world goes to the huge consumer base of the country. It is this unmatched consumer force that has created the humongous scope for newer business ideas and prospects, allowing few of them to be the best business ideas in India.

The Indian market encourages new ideas from new players as the market is huge and there is always place for a new runner. Business is a place for people who aspire to be great and successful; for those who wish to make small changes or bring in major influences in peoples’ lifestyle and quality of living. With increasing population grows the competition as more and more people come forward with innovative ideas, regardless of size that can shake up the marketing world.

Achieving the target numbers and reaching the goal is not as easy as setting up the shop in the first place. It needs a ton of skill and perception to see through peoples’ minds and direct the business in a way that they find it productive and desirable. Gone are the days when ideas were at scarce and capital investment was available. The market today, regardless of the investment is in need of successful business ideas that can turn into a sure shot profitable business.
And as a follow up on the above observation, we have taken it upon ourselves and listed out 10 best business ideas in India. Here it goes.

1. Food and Beverage outlet

Food and beverage industry is the go-to idea in the world of business if you are so keen on making it a profitable venture. The population of India comprises mainly of youngsters who are influenced heavily by western culture. And culture includes clothing, food, lifestyle and mind set. Eating habits of people have changed drastically over the last decade.

People prefer different kinds of food from different cuisines of the world and since they can’t make it on their own, they opt to get it delivered from a nearby affordable outlet. The idea of having an outlet over a fully established restaurant is that the capital investment is way lesser than the latter and the profit margin is impressively higher. Unlike other businesses which have had its share of ups and downs, the food and beverage industry has always been a constant and has never lost the connection with the consumers.

The country is also witnessing both male and female heads of the family going to work which leaves them no other option than to eat outside than to come home after a long day and cook for them. This is one of the many reasons why food and beverage industry is on an all-time rise in terms of customer traffic and profit percentage.

Youngsters have begun to hang out with friends a lot more than they used to, due to changing times and the influence of modernisation. Food outlets like these have become the hotspots for get-togethers and meet ups. The people have become knowledgeable and are very conscious of where to eat and what new to try. This evolution of people into food enthusiasts is doing so well for the industry as they want their plate full of different food, thus making this idea a sure shot profit. This is surely one of the best business ideas in India.

2. Virtual Reality

Virtual Reality is the most exciting and futuristic technology in the market today. The influence of Virtual Reality is spread across all over the world and is being applied in all fields possible to enhance the experience of the already existing process. Virtual Reality was a long fetched dream until it wasn’t. Fields like gaming; designing and many more have gone through a major revamp because of Virtual Reality.

Research about applications of Virtual Reality has doubled up to bring it to the market and make it available to the common man. People of all ages, especially youngsters are so intrigued by the technology that they would want to see it work on everything around them. Now would be the time to jump in and take control of the speeding ship and manoeuvre it to the glorious destination. The initial investment range is between medium to high and is one of the best business ideas in India.You can also read about 6 VR Businesses in India that can be a game changer in 2018

3. Fashion boutique

The modern day man is so conscious about his looks and appearance than what he is, internally. It is become clear for the people that it is time they realise they started grooming themselves to be presentable in a social gathering or any public space for that matter. The average income of the country has gone up, thus meaning every citizen’s income has raised, giving him a chance to upgrade his/her wardrobe with new branded clothes and accessories.

Apart from the fact that fashion is about making a statement, it also gives a lot of confidence to a person which is very fundamental in a competitive world and more importantly in his/her professional life. Fashion boutiques need very little space and don’t need huge infrastructural arrangements and the capital investment is also low. This is one of the best business ideas in India.

4. Education – Training Institutes

Of all the things that India is famous for and is being revered to, education is the most important of all. The literacy rate of India is rapidly increasing with various steps taken by the government and many NGOs. India has the largest work force in the world and is fueling the growth of many countries by serving in various capacities. This kind of huge population being educated in mainstream educational institutes is not enough for the growing requirements of the competitive world.

This is when training institutes come into play. When the population is seemingly high and is on the rise, mainstream educational institutes alone can’t teach them everything. Training institutes are of different types, each one being an expert in one field training many aspirants in that specific field of interest. Computer training institutes have been instrumental in preparing their students to compete in this technology driven world and they have also helped many people equip people with computer skills that help them with employment within the country and abroad. The capital investment is mediocre to high and it is one of the best business ideas in India.

5. Photography Studios

The youngsters have something to get hooked to from time to time, which you may call it passion, hobby or a mere pass-time activity. A lot of things came and with time, they did fade away but photography took everyone by storm and refuses to leave. Photography has moved far beyond hobby and pass-time activity and has become a serious profession to even students who have passion for photography and can support their education through their earnings.

If students who attend college can succeed in this field, any businessman with the likes of you can make a successful business out of it. The investment range is mediocre and there is no dread of finding employees. Hundreds of college students who are professional photographers are waiting for a chance to pounce on, to fulfill their passion of photography. This is a business idea that never goes out dated as people always have a reason to celebrate and what do they need to preserve it? A photographer! This is one of the best business ideas in India.

6. Consultancy Services

This is one of the easiest jobs in the world, yet the toughest. Running a consultancy services is the modern way of bridging the gap between the employer and the employee with or without the client and the employer knowing each other. This is a great platform of making work easier and changing the entire way of work environment. Consultancy services have revolutionized the way work is done.

India’s literacy rate is increasing but so is unemployment due to the mammoth population of the country. This has resulted in a lot of educated and skilled people confined to their housed not being able to find jobs of their capabilities. These consultancy services are assigned to get a work done and the consultancy firm in return hires a freelance worker according to the requirement and gets the work done. This way, the employer is happy that the job is done and the problem of unemployment is tackled in a considerable way.

Setting up a consultancy services firm is one of the best business ideas in India and the results can be very impressive in a short span of time, provided the client hunt is done right. The investment for this business idea is mediocre and is scripted for success.

7. House help services

People are finding ways to double their income, if possible multiply it. And with various other employment opportunities popping up every single day, the chances of the male and female heads of the family going to a job are very high. These kinds of situations arise due to the work commitments of the adults in the family and they are put in the spot. And fortunately, the educated people in India are already in this position and have very less time for household chores.

A house help services company will offer to help a family with everything they either don’t have time for or they are not interested to do it themselves. The investment for this business idea is low as finding employees for this business is no big deal and there isn’t any considerable investment in sight. The scope for this idea to flourish is very high and is one of the best business ideas in India.

8. App Development Start-up

Today’s world is run by technology and everything related to it. Like it or not, you are in the spot to run with the wind and acknowledge how it has taken over a major part of our lives. In almost every daily activity you do, you use technology one way or the other. And the latest form of technology which has genuinely simplified a lot of our tasks is the increased usage of mobile applications. From ordering food online to paying your child’s school fee, everything is app based.

This heavy user traffic over mobile applications has opened up space for budding software developers to design mobile applications for clients to run their businesses. The client traffic for this idea is never ending as India is a hotspot for business and almost every business needs an app to maintain a healthy client-customer relation and handle smooth operations. Apart from businesses, start-ups will surely want an app to increase their online presence and appeal to their customers, client and partners.

9. Sports/Fitness Accessories

One another thing that has caught the attention of the modernized people these days is the interest to get fit and the importance of sports. People have started going to the gymnasium like never before as they have become self-aware of the importance of a healthy life and the effects that the mechanical life is having on them. It is ever since the last decade that the sports business is shooting up high and has never turned its back after that.

The establishment of a sports accessories outlet is the one of the best business ideas in India and the time couldn’t be right to do so. The initial investment is medium to high and the business will only move forward from there as long as people are conscious of their health, which is till eternity. The fact that sports and fitness accessories are way cooler than they were due to the influence of technology, has made the consumers go all-out on it.

10. YouTube Channel

The year is 2018 and the work nature is not what it was a decade before. Times change and so does everything around a man. Gone are the times when an employee would be instructed to be at the office on time and work on somebody else’s clock. The concept of freelancing brought the chain of command and made every employee a boss which put him/her in a position of power and the employee had the liberty to work on his own conditions.

Times has changed a bit more and the chances of becoming an entrepreneur and earn a fortune by sitting in your house has become a reality. YouTube allows anybody registered user to create content on their platform and make it public for the viewers to see the video. The payment generation policy of YouTube is generous and lets a man decide his destiny. This business idea is a sure shot winner, provided the content is creative and marketing is done right. This is one of the best business ideas in India.

Conclusion

These are the 10 best business ideas in India which are selected and researched upon, keeping in mind the scope of the business and the pulse of the consumer base. These ideas might already exist in a large scale but when pursued with a creative edge, there is no idea that is old. Further you can read on “How to choose the best low cost franchise in India” here.