5 Small Business Opportunities in Delhi
- BY Jaspreet Kaur
Feature Writer, BusinessEx
- Sep 28,2020
- 15 Mins Read
Delhi offers a thriving ecosystem for businesses to operate. Being the capital city, an entrepreneur receives great ease in establishing as well as managing the business. While the city delivers a firm ground to build an enterprise, it is still important to know the best small business opportunities in Delhi.
By gathering this knowledge, it would be easier for aspiring entrepreneurs to choose the right business. In a big metropolitan city like this, it is efficient to carry out businesses efficiently. For that, here is a list of small business opportunities that aspiring entrepreneurs can start.
Car Service Outlets
With the growing number of cars, the demand for car service outlets is also increasing. After driving cars for miles, getting a car service becomes a must for car owners. According to a Global Market Insights report, owners of passenger vehicles aged more than three years in India prefer unorganized or independent repair shops that provide quick and reliable services at low costs. High traffic congestion, poor roadways, and frequent accidents have also surged the demand for car repair and services in the country.
Aspiring entrepreneurs having a knack for handling automobiles can opt for this business. One has to collect tools, mechanics, and a shop for starting this business.
Chocolate Making Business
Over the years, chocolate has become much liked sweet among millennials and adults. As a result, people have begun distributing chocolates rather than traditional sweets during commemorations. Aspiring entrepreneurs can, thus, begin manufacturing chocolates and sell it to consumers directly. This small business opportunity is lucrative and has huge scope in the offing.
As per Statista's survey, the retail sales of chocolate products across India amounted to approximately $1.8 billion in 2018, up from around $1.6 billion in the year 2016 and analysts estimated the figures to only grow over the next years. Extensive marketing and promotional strategies by chocolate manufacturers, a growing culture of gifting chocolates, and changing taste preferences of Indian consumers were some of the factors that accounted for this surge in the country's chocolate confectionery market.
Flowers play an important role in beautifying the surroundings. They not only enhance aesthetic value but also help balance the intrinsic environment in homes, offices, and other enclosed spaces. According to APEDA, the Indian floriculture industry comprises flowers such as Rose, Tuberose, Glads, Anthurium, Carnations, Marigold, etc. Cultivation is undertaken in both open farm conditions as well as state-of-the-art poly and greenhouses. India's total export of floriculture was INR 541.61 Crore in 2019-20. The major importing countries were the USA, Netherland, Germany, UK, and UAE.
Seeing the rise in the floriculture industry, aspiring entrepreneurs can opt for this business. It is one of the small business opportunities in Delhi that will require less capital and more knowledge, as well as upskilling, in order to survive in the market.
Digital Marketing Business
At present, companies are stepping up in the virtual realm. They are releasing the importance of digital marketing and thus, investing in it. In the foreseeable future, getting the business digitized would be important. For that, companies have to take small steps now toward the digitization process. Seeing a formidable growth in digitized companies, aspiring entrepreneurs should start a digital marketing business.
According to Statista's report, the digital advertising industry across India had a market size of around INR 160 billion in the financial year 2019, up from just INR 47 billion in the financial year 2015. This was projected to go up to around INR 539 billion by the financial year 2024, indicating a big growth in the industry segment.
There is always a demand for healthcare professionals in the country, in turn, resulting in a need for healthcare clinics as well. According to Statista, India's healthcare sector was worth over INR 140 billion as of 2016, with projections to reach up to INR 372 billion by 2022. The country's healthcare market had become one of the largest sectors in terms of revenue and employment and the industry was growing at a rapid pace.
Seeing this, aspiring entrepreneurs should begin establishing healthcare clinics wherein people get themselves tested.
There are a plethora of small business opportunities in Delhi. If you know any good small business ideas and want to share it with us, then comment below.
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