Are you 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 the current industry scenario. The object of crafting this article is to provide lucrative investment sectors and small business startup ideas to individuals who are seriously looking for the same.
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.
50 Startup Business Ideas
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.
3. Battery Dealer
4. Used Car Selling
5. Motorbike Dealership
Check out for more automobile business ideas HERE.
Ayurveda & Herbal Products Startup Business Ideas
India is popular for its herbal and ayurvedic products. With increasing awareness about the ill effects of allopathic medicines, there will be a huge demand for cosmetics, natural medicines, and remedies. As a result, the market share of herbal products and traditional wellness products is increasing rapidly.
Check out for more herbal business ideas HERE.
Information Technology Startup Business Ideas
India is the leading sourcing destination for IT specialists across the world. It is reported that around 75 percent of global digital talent is present in the country. It is projected that revenue from the digital industry is expected to churn out more than US$ 350 billion by 2025.
If you are an IT professional, you can consider tapping the immense potential that this industry offers. Some of the low-cost business ideas you can think of starting are the following:
11. Web Development
13. Graphics Design
15. eCommerce Store
Check out for more IT business ideas HERE.
Agriculture Startup Business Ideas
The Indian farming industry is one of the fastest-growing 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 farming industry in India has immense potential to emerge as a global key player.
17. Goat Farming
18. Chicken Hatchery
19. Shrimp Farming
Check out for more farming business ideas HERE
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, and proper storage facilities lead 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 great potential for entrepreneurs to be it fast food, packaged food, or organic food.
23. Noodles Making
Check out for more food business ideas HERE.
Energy Solution Startup Business Ideas
In 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 a 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 significant potential in India for the generation of power from renewable energy sources like small hydro, biomass, and solar energy.
Check out for more energy business ideas HERE.
28. Petrol Pump
29. LED Light
Check out for more energy business ideas HERE.
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.
31. Sanitary Napkin
33. Diagnostic Center
35. Yoga Studio
Check out for more healthcare business ideas HERE.
Retail Startup Business Ideas
The retail industry is growing in India. There are plenty of retail brands operating successfully in the country. The total volume of the retail industry is estimated at more than 10 lac crore. Organized retail accounts for only 10 percent. These statistics prove that there is a huge untapped market to be explored. Many reputed retail companies are offering business opportunities for expanding their business across the country.
36. Beauty Salon
37. Cake Shop
39. Coffee Shop
40. Furniture Store
Check out for more retail business ideas HERE.
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 is a huge demand in various sectors like agriculture, automotive, consumer goods, healthcare infrastructure, and packaging sectors for plastics.
41. Cardboard Box
42. AirBubble Sheet
43. Egg Tray
44. Aluminum Foil
45. Paper Bag Making
Check out for more packaging business ideas HERE.
Textile Startup Business Ideas
India is famous for its textiles. Each state has a unique style in terms of apparel. 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.
47. T-Shirt Printing
50. Hosiery Making
Check out for more on clothing business ideas HERE.
There are plenty of other startup business ideas that you can explore depending on the investment size and area of your expertise. However, to be successful as a startup it is very important to have a detailed business plan and a well-thought-out marketing plan.
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 growth.
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.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.