Are you a beginner? Looking for startup business ideas? If you want to start a business, it is really difficult to assess the most promising and lucrative sector in current industry scenario. The object of crafting this article is to provide the lucrative investment sectors and small business startup ideas to the individuals who are seriously looking for the same.
In current years, the Indian startup ecosystem has really taken off. Massive funding, consolidation activities, evolving technology, increasing internet accessibility and a burgeoning domestic market are the key driving reason for the growth.
Brilliant entrepreneurs with innovative startup ideas are creating sustainable cash-flow generating business models. Access to Enablers, accelerators, and incubators for the initial requirements of space and IT infrastructure are now available in all the big cities in the country.
The Indian government too has helped bring the glamour of the start-up culture to center-stage. Hence, with 72 percent of the founders less than 35 years old in India, now the country is the youngest startup nation in the world. This lends wings to our hopes for out-of-the-ordinary ideas garnering great market share globally.
List Of 100+ Startup Business Ideas for Beginners
1. Automobile Startup Business Ideas
India is now a hot spot for automobiles and auto components. A cost-effective hub for auto components sourcing for global automakers, the automotive sector is the potential sector for entrepreneurs. India is also a prominent auto exporter and has strong export growth expectations for the near future. The retail and service industries are also very prominent in the automobile sector in India.
2. Ayurveda & Herbal Products Startup Business Ideas
India is popular for its herbal and ayurvedic products. With increasing awareness about the ill-effects allopathic medicines, there will be a huge demand for cosmetics, natural medicines, and remedies. As a result, the market share of the herbal products and traditional wellness products are increasing rapidly.
3. Biotechnology Startup Business Ideas
The Indian biotechnology industry is one of the fastest growing knowledge-based sectors in India and is expected to play a key role in shaping India’s rapidly developing economy. With numerous comparative advantages in terms of research and development (R&D) facilities, knowledge, skills, and cost-effectiveness, the biotechnology industry in India has immense potential to emerge as a global key player.
4. Floriculture Startup Business Ideas
India’s floriculture segment is small and unorganized. There is a lot to be done in this lucrative sector. Owing to a steady increase in demand for flower, floriculture has become one of the important Commercial trades in Agriculture.
Floriculture products mainly consist of cut flowers, pot plants, cut foliage, seeds bulbs, tubers, rooted cuttings and dried flowers or leaves. The important floricultural crops in the international cut flower trade are the rose, carnation, chrysanthemum, gerbera, gladiolus, gypsophila, liastris, nerine, orchids, archilea, anthuriu, tulip, and lilies. Floriculture crops like gerberas, carnation, etc. are grown in greenhouses.
5. Food Processing Startup Business Ideas
India’s mainstay is agriculture. Entrepreneurs can explore many options in the food grain cultivation and marketing segments. Inefficient management, lack of infrastructure, proper storage facilities leads to huge losses of food grains and fresh produce in India. You can add value to proper management and marketing initiatives. The processed food market opens a great potential for entrepreneurs be it fast food, packaged food or organic food.
6. Energy Solution Startup Business Ideas
In the recent years, India’s energy consumption has been increasing at one of the fastest rates in the world due to population growth and economic development. India is well-endowed with both exhaustible and renewable energy resources. Coal, oil, and natural gas are the three primary commercial energy sources. Renewable energy sources offer the viable option to address the energy security concerns of a country. Today, India has one of the highest potentials for the effective use of renewable energy. India is the world’s fifth largest producer of wind power after Denmark, Germany, Spain, and the USA. In addition, there is a significant potential in India for generation of power from renewable energy sources like small hydro, biomass, and solar energy.
7. Healthcare Startup Business Ideas
Healthcare as a sector in India has always been hot. The need for innovation is huge and it presents a big business opportunity. The healthcare sector in India is expected to grow at a CAGR of 15 percent to touch US$ 158.2 billion in 2017 from US$ 78.6 billion in 2012, according to a report by Equentis Capital. Mobile and Internet technologies are being seen as the means to address India’s deficit of doctors, through innovations in technology and telemedicine.
8. Online Retail Startup Business Ideas
Online shop business opportunities are trending now in India. In addition, the Government is also promoting the digital business ventures in India. Increasing internet connectivity throughout the country, increasing numbers of smartphone users, online buying trends are some of the reason of booming eCommerce industry in India.
9. Packaging Startup Business Ideas
With China invading the markets with cheap plastic goods and packaging materials, there is a good opportunity to develop good packaging materials to meet domestic and foreign demand. There are a huge demand various sectors like agriculture, automotive, consumer goods, healthcare infrastructure and packaging sectors for plastics.
10. Textile Startup Business Ideas
India is famous for its textiles. Each state has its unique style in terms of apparels. India can grow as a preferred location for manufacturing textiles taking into account the huge demand for garments. Places like Tirupur and Ludhiana are now export hubs for textiles. In conclusion, a better understanding of the markets and customers’ needs can boost growth in this sector.