Start These Popular Businesses in Indian Market

The Indian market has flourished over the years. From becoming a digital hub to a flourishing manufacturing niche, the country is able to attract the biggest investors in the form of Foreign Direct Investment (FDI). Owing to which, an array of successful businesses are found in the Indian business ecosystem. 

Despite the ongoing second wave of COVID-19, big companies are able to secure money. According to The Economic Times’ report, edtech company, Byju’s has raised close to INR 2,500 crore from investors such as the UBS Group, Zoom founder Eric Yuan, Blackstone, Abu Dhabi sovereign fund ADQ and Phoenix Rising–Beacon Holdings, regulatory filings accessed by ET showed. As per the same media report, Flipkart is likely to receive $500 million from Abu Dhabi sovereign fund ADQ. 

These are some of the recent business transactions that have occured during the second wave. These businesses grabbed investors’ attention owing to their viable business model. The former is an edtech firm; the edtech sector has been receiving the largest infusions in India as of date. Following that, the latter company is an e-commerce model, which has become an enormously popular epidemic-led lockdown. 

If you are thinking of starting a business in India, then the above-cited business models are the best businesses in Indian market. Apart from these business ideas, there are several other businesses that you can start in India. 

Digital Marketing Agency

During the ongoing health crisis, when physical shopping is not a preferable option. Consumers resort to the Internet and look for good, reliable online companies. It is a digital era but not many small enterprises recognised the pros of the technology until now. 

Even after merely establishing a website or an online store does not guarantee customers, one has to invest in online promotion or marketing. If a person is inefficient in comprehending the Internet realm, then he would have to hire a digital marketing agency. A digital marketing company will help promote the company, attract netizens toward the brand and help the firm get recognition. This process will, in turn, increase revenues and build a wide customer base. 

Service Provider

Service sector is rapidly expanding in India. According to a report by IBEF, the services sector is a key driver of India’s economic growth. The sector contributed 55.39 per cent to India’s Gross Value Added at current price in FY20. GVA at basic prices at current prices in the second quarter of 2020-21 is estimated at INR 42.80 lakh crore, against INR 44.66 lakh crore in the second quarter of 2019-20, showing a contraction of 4.2 per cent. According to RBI, in February 2021, service exports stood at $17.54 billion, while imports stood at $10.61 billion.

Thus, new entrepreneurs can think of becoming service providers. They can render their services across the globe and in turn, earn a vast amount of revenue.