Make Small Bets on These Flourishing Industries

If you are a new player or entrepreneur and want to make the right bets, then here are some businesses that you should infuse in
  • BY Jaspreet Kaur

    Feature Writer, BusinessEx

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  • Mar 23,2021
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  • 13 Mins Read

The business ecosystem is accelerating in the post-pandemic scenario. Business trends that were prevalent in the pre-pandemic phase are wholly invalid now. Novel innovations have disrupted the market, in turn, varying investors' interests as well.  

Unlike before, investors are now focusing on proliferating sectors such as edtech, medtech, and healthcare etc. Change in the investors' nature would massively impact the economy as new players would be changing their course and entering thriving niches. 

If you are a new player or entrepreneur and want to make the right bets, then here is a list of businesses that you should infuse in. 

Travel and Tourism Business 

India has a rich culture that comprises a vast number of religions and their practices. As each state exhibits its tradition, preserved historic monuments are also inclusive of its culture. This, in turn, attracts travelers across the world and recounts to people about its customs as well as a civilization in its entirety. 

According to a report by Statista, travel, and tourism is one of the largest industries in India, with a total contribution of over $247 billion to the country’s GDP and estimated to double in the coming years. Although other parts of the economy sailed on turbulent waters in recent years, the tourism industry had grown as an important source of foreign exchange for the country. And for the people on the ground, it has been creating jobs, both directly and indirectly.

As the sector is expediting, entrepreneurs can set foot in the tourism space. Despite having immense competition, the entrepreneurial journey stays smooth in the sector. A new player can easily attract new customers and thus, get the business off the ground. Interested industrialists can infuse INR 5 lakh investment into any business in the travel industry. 

Pharmaceutical Business 

The pharmaceutical industry is an imperative niche in the Indian economy. It is contingent on medical, research, and development areas. Owing to this, the sector has grown exponentially in recent years. According to a report by Statista, the market has experienced significant growth during the past two decades, and pharma revenues worldwide totaled $1.25 trillion in 2019. 

To deal with the health crisis, the pharmaceutical industry played a pivotal role. The domain helped scientists identify the apt medicine for COVID. Researching, producing, and distributing medicines are core strands of the pharmaceutical industry. 

Witnessing the growth of the sector, investors can bet on the top pharmaceutical businesses. Besides this, there is ample room for new players to step into the industry and try their luck. 

Agriculture Business 

Agriculture gives a vast portion of revenue to the nation. The sector also gives employment to rural demographics in the country. According to a report by IBEF, Gross Value Added (GVA) by agriculture, forestry, and fishing was estimated at INR 19.48 lakh crore in FY20 (PE). Growth in GVA in agriculture and allied sectors stood at 4 per cent in FY20. The agriculture, forestry and fishing gross value added (GVA) growth is likely to be 3 per cent in the second quarter of FY21.

The sector renders food to the country's population. Alongside this, it supplies food grains and other food items to other foreign nations as well. However, the sector is majorly unorganized and there is an increasing need for learned millennials. So, young minds can invade the sector and infuse knowledge as well as money. This will aid in elevating the sector and give it a much-needed boost. 

If one is not interested in establishing an agricultural business, then one can invest money in an agricultural business as well. At present, various agricultural technology businesses are working religiously to uplift the principle arena, thus, it would be rightful to invest money in the sector. 

Business minds should focus on these thriving sectors while planning to infuse their money. Investment in the above-cited sectors will help give a twofold increase to the invested sum. Apart from these sectors, there are other areas wherein one can invest money.

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