India and Indians don’t prefer to be identified by the names, caste, religion. They are what their business is because that’s the means to their survival, their reputation and standing in the market and an identification of their name.
India is populated with 58.5 million entrepreneurs. The self-employment in India is recorded at 76.8% as of 2019.
It’s not because of the deployment of the opportunities at the established cooperations but because of the increasing needs of the consumers which has fueled theses entrepreneurs and businessmen to increase the production of the major necessities, essential and demanded goods and keep the money running in the economy with all their needs met.
Consumer satisfaction is surely one objective of these entrepreneurs to the extent their demand makes their business but profitability is the word and the element they are looking for in terms of what keeps them bucks in and flowing.
So, here’s something for you if you are wondering to start small but have plans for not letting that just be it.
These businesses are likely to provide you with the following advantages
With the growing increase in ready-to-eat food and take outs which is worth $261million and $0.62 billion respectively. Of which noodles market in India is worth at ₹93.66 billion. Wouldn’t you want to slurp this spicy business ?
The increase in westernisation in terms of maintaining a health lifestyle and preferring organic products for dietary purposes , skin benefits, avoiding animal cruelty and toxic substances over the artificially produced and chemically induced products has increased the needs for organic products like organic shampoos, lotions, vegetables, perfumes, incense sticks etc. whose market is worth at $1.70 million.
You can establish an organic store comprising of all of these organic products and also customising the products like shampoos, creams etc according to the needs of the consumers
The paper bag industry witnessed a sale of 9,00,000 tonnes in 2018 causing this industry to grow at a CAGR of 4% by 2029. The constant need among consumers to ensure environmental stability and trust the brands motivating them to buy their products from, have a similar aim.
This business is as light on operations as the weight of that paper bag is.
Yes, you read it right. A fastening/ancillary product like shoe lace also has its own business opportunities. India accounts for 85% of the unorganised footwear industry so to imagine the demand your shoe lace business is likely to get is vast.
Shoe laces of different lengths, materials, colours are required across the nation or even internationally given the labour the cost benefits present in India.
About 300 million phones were purchased in India in 2019 and the mobile phone accessory market alone is expected to splurge at $3.54 billion. Although, mobile phones are a trend in itself the phone cases are adding to it through customised phone case, printed, graphically designed, 3D phone cases etc
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