If you’re looking to start your own business, you’re in luck. India is a hotbed of opportunity, with an economy that is growing more quickly than ever.
There are many profitable side business ideas available, no matter whatever your interests or skills may be. For entrepreneurs and startups, here are 29 upcoming business ideas in India:
29 Best Upcoming Business Ideas in India
IoT (Internet of Things) Industry
Internet of things implies each item that is being used by individuals has a web network for getting information. has a web network for getting information. Mckinsey gauges that IOT will have expected development and will have an economic effect of $11.1 trillion by 2025.
The best example of it is Ola, Uber, or Lyft taxi administration where you get a moment ride. Climate control systems and TV are connected to the web to outdo administrations through web development in the creative area, which makes this business extremely worthwhile. This is one of the new business ideas with an amazing future for 2025 or 2030.
Online Grocery Store
The online grocery store is a great solution and is estimated to grow at a 30% yearly rate. This is because the state of an economy has no effect on the purchase of groceries.
To start, an individual needs website that offers every grocery items. This website must be user-friendly so that users can quickly log on, Select the necessary items and make payment to complete the order. You can start with basic grocery products such as bread, cereals, milk, biscuits, etc. and as your network and customer-base grow, you can include products from the toiletries and cosmetics category.
Smart Dustbin with free Wi-Fi
This is another of the various new businesses in India with a promising future. The smart dustbin can generates free Wi-Fi signals as you fill it with a sufficient amount of waste. The popularity of this idea is certainly rising with socioeconomic changes and technological innovations. It is useful in both domestic and public domains.
Caterers and event planners are using smart dustbins to provide value-added services to their customers. You can design your own smart dustbin or work as a trader.
Online Reputation Management
That day won’t be far away when physical presence will be taken over by online presence. There were days when people worried about how they carried themselves – what they wore, their manner, social skills, hospitality, etc. Reputation was dependent on physical appearance.
However, today, with each passing day, people are becoming more virtual, and having a strong online presence is important. Based on a person’s online presence, judgments are made. This leads in the need for online reputation management one of the most lucrative opportunities for business in the future.
3D Printing
The applications of 3D printing are numerous. Be it in the fields of manufacturing, arts, crafts, architecture, or medicines. In the recent years, it has developed astonishingly. These are undoubtedly profitable business idea in India, considering the market’s demand.
Virtual Reality
Virtual reality is one of the latest technological innovations that is significantly disrupting several fields of business.
Therefore, starting a business related to virtual reality accessories or gaming is one of the most lucrative new business opportunities in India for any entrepreneur and has the chance to be extremely profitable.
However, the important thing to bear in mind and consider the fact that this business idea requires a large-scale investment.
Content Writer and Blogging
If you have a strong command on your writing and reading skills, you can utilize your skills very easily to get yourself earn a decent income. Not just in India, but all around the world, it has become a profitable business. You get paid for each word you write for your clients. The best part of being a content writer is you can start it without investing any money as if you are confident in your writing skills, you can start your carrier as a content writer or blogger.
Social Media Consultant
Mass media has become an intrinsic part of marketing. Every organization, authority figure, business, and magnate places a great importance on their reputation and goodwill in the market, which creates opportunities for social media consultants. Consultants handle their social media profiles and projects, express the ideas of their clients, and thereby earning a handsome amount while handling things at home.
Warehouse or Inventory Management for E-Commerce
E-commerce has been growing quickly. For e-commerce stores, the warehouse management company would provide fulfillment. Instead of an e – commerce store, setting up their distribution channels, purchasing a fleet of trucks, and renting warehouses to store the goods, this company would do everything for them. This is a larger scale business idea, but it also has the potential to make a lot of money.
DDOS cyber-attack prevention security company
DDOS attacks are becoming a common threat to some Indian businesses. As internet speeds increase worldwide, more and more hackers are going to target companies. You can create a company that can identify the attacks and prevent them before they happen. Although some companies are already doing this, there is still a lot of room to make money in this industry. It is a medium cost business as you’ll need server space, software, and the coding needed to be done to create a DDOS prevention company.
Biometric Sensor Company
Biometric sensors are the kind of sensors that scan for your eye or your finger to uniquely identify a person. With the growing need for higher security measures and the support from the Indian government for the Internet of Things technology, it won’t be long until everyone is putting biometric sensors in everything.
This business strategy would develop and sell these sensors to businesses that would install them into services or products. There would need to be a medium-sized investment to make this happen as one would have to rent or build facilities to produce the sensors.
Fitness Centres
Significantly more people are becoming health-conscious. With this rising fitness awareness, the demand for gyms or fitness centres has significantly increased. It has even become a part of many people’s lifestyles. At the initial stage, you can purchase a few low cost equipments. You can purchase equipment henceforth, when you evaluate your profits and analyze the client’s responsibility.
Bakery
It is one of the most profitable businesses for the people in India who are competent in making cakes, pastries, cookies, muffins, bread, and all the other bakery items.
You can open up a bakery at a suitable location in a market where there is a high customer traffic. Moreover, it has many opportunities for growth and expansion, and that too without investing a big amount. Simply need to be armed with wonderful oven and require great skills in the preparation of these baked delicacies.
Wifi Installation Company
With the evolvement of time, the demand for wifi internet solutions is increasing constantly. Customers demand internet access everywhere, in their homes, offices, shops, and even small retail counters. As a result, there is now a higher demand for wifi installation.
You need to invest a portion of your funds for purchasing the tools needed to install wifi routers. Once you purchase the routers and maintain your stock, you could start by approaching places where there is a huge football such as malls, department stores, hygiene stores, etc.
Renewable Energy
In addition to making a considerable amount for you, this business is also environmentally friendly. The government is also promoting and providing subsidies to companies who are converting themselves into alternative energy business ventures.
Many individuals are willing to try their hands in this profession as a result of the increasing effects of global warming. They are utilizing their empty or unused land as well as their rooftops for installing solar panels which are helping the environment and also provide them an opportunity to earn money.
Solar Energy Business
Solar panels are currently more in demand. It is cheap and convenient for India. Also, many solar plants are implanted in rural and urban areas. You can provide services directly to customers under the solar energy business.
You can provide your technology to wholesalers and retailers. This business is very successful; however, you have to regularly invest, and it requires a significant amount of money. Therefore, financial planning is very important before starting this business.
Health Record Digitization & Sharing Company
It is becoming necessary for several doctors sitting at various locations to access a patient’s medical records. For example, one patient may consult a doctor for a while, hen, while switching to other doctor at a different location, there is a need for collecting the previous record from the doctor, which could never happen.
This company would set up medical records that might be safely secured and shared among registered doctors. The great thing is that both patients and doctors would be able to see last access to the most recent health data. As the block chain technology is quite new and the company has a huge amount of health records it would take some significant investment. This is one of the upcoming business ideas in India that would take a good turn between 2022 – 2030.
Social Impact Investment Funds
Social impact is becoming more important in India as consumers are intelligent, and are aware that what they consume has an effect on them and the earth. This business idea involves fundraising money from several groups of investors to create a fund that will invest in socially responsible and positive impact on the earth.
In India, there is a huge demand for social impact, instead of just creating a profitable business, due to people’s sophistication being quite high.
Internet infrastructure building company
There is a significant and increasing demand for good internet connections throughout the country. Although there are internet service providers, but lack of speed and connectivity problems disappoint the internet users. This leaves a business concept for starting an internet infrastructure in perfect light to execute. This business can generate significant profits that can make huge sums of money.
Data Analytics
Data analytics is currently one of the hottest business trends. It involves using data to make good business decisions.
This can be done through various methods, such as analyzing customer behaviour and understanding market trends, or predicting future business outcomes.
In India, there is a high demand for data analytics services, as more and more businesses are starting to realize the importance of data-driven decision making.
Rise of Co-working Space
The trends of future services offices will change. Due to high rental costs, it is difficult for independent companies to bear the cost of a different office space. Therefore, people are settling on working in collaborating spaces.
It encourages them to lessen rental expenses, yet also to share knowledge and skills. If you have free space, at that point start working a collaborating space business. It is another futuristic business idea.
Creating And Selling Digital Products
This is the place where you make and sell your digital products to a group of people. Generally data products or self-facilitated programming. Basically, you make the item and sell it to the client for a one-time.
It generally comes in the form of an eBook; simply compose your book and sell it. Furthermore, you can sell online courses, or create and sell flexible games, or even portable applications. With regards to digital products, there is no restrictions to what you can offer. Simply select the field you major in and will work there.
Stock Market Trading
If you have good information about trading and the stock market, then you can choose stock market trading.
If you are very good at trading, then you can earn a reasonable profit margin. However, this business requires a significant stock market trading and a huge initial investment.
Domain Selling
The domain is the web copyrights, which you can buy and sell at high prices. The use of websites is increasing rapidly, which needs a domain. If you want to join the business, you have to invest a bit to purchase many domains. Finally, you can sell these domains at a high price to other established or upcoming business in India.
Skyscraper Greenhouses
Land is steadily becoming a scarce resource due to the population’s growth. This is creating a problem of providing fresh vegetables and organic products to communities in a sensible and sustainable way.
By building greenhouses that are vertical like a skyscraper with various levels of different leafy foods, one can increase yields. This is a significant high-cost idea as the structure must be enabled with sensors to monitor temperature, mugginess, and other factors in order to develop the perfect yield. It is currently one of the trendiest business ideas.
Restaurant and Cafe
With the lifestyles of people in the busy cities, one hardly gets time to prepare their own preferred food. Satisfactory food on demand is only what they need. It is a guaranteed successful business idea to start with.
Courier Services
In order to start a courier service company on a small scale, you can collaborate with other brands that are already working in the courier company. In India, the need for courier services has increased because of the many online shopping apps being launched every day. It is a low investment business if you collaborate with other brands and keep your specific share as a partner.
Customized Gifts
You can launch this business even at home. Nowadays, everyone wants to give their loved ones a lovely gift on special days or events. Starting the business of customized gifts can be very profitable and even cheap. You only need to purchase a few gift items and accessories used for customization.
Pollution masks
With the massive increase in pollution in all metropolitan areas, especially Delhi, in upcoming years the scope of manufacturing and trading these pollution masks would be like selling hotcakes. Due to the massive hazardous air pollution effects, the demand for these masks will keep on increasing.
Conclusion
All future business options given above have so many possibilities. Some of the business concepts may seem ridiculous as of now, however you can’t overlook them as time will show the fate of these company. You have to invest your energy, money, and time on these business ideas to make your future secure.
