Top businesses in india
Market trends are constantly changing each day. And in a nation like India, which is one of the fast-developing countries in the world, there are always new chances for investment and exploration. However, top businesses in India support the economy and play a vital role in determining the demand for various services and products.
With the growth of top businesses in India the e-commerce and artificial intelligence, and the online digital sector of the country continues to develop. Due to top businesses of India, there is an increase in the per capita income of the average person in India. Also, top businesses in India produce a large number of employment which also helps to boost the economy.
Due to government support toward digital India and after the launch of jio by Mukesh Ambani the internet user in India has grown rapidly since 2016 which creates a large number of opportunities on internet.One of which is website designing, nowadays each businessman want to promote their business online for that the basic requirement is having a website.
Due to which careers like blogging and digital marketing have emerged. Reports note that online shoppers in India reached 120 million in 2018 and are expected to reach around 220 million by 2025. This high demand for websites makes it one of the most favorable businesses in India.
Interior Designing and decoration
The market value for interior designing and decoration in India is estimated to somewhere around USD 20 Billion – USD 30 Billion. The rich people don’t keep any dark corner in the house to talk about they ensure that their house speaks their reputation and fame. Along with that large number of middle-class families are opting for modern kitchen, fancy interior designing & decorating.
The demand for furniture and lightings are also high in India especially antiques. As a result, interior designing and decoration had become a popular topic in not just architectural and design firms, but across social media as well. The domain is witnessing a large number of influencers, particularly on Instagram and Facebook.
Real estate is always been one of the booming industries of all time. The real estate sector of India is expected to reach US$ 1 trillion by 2030. Due to new government schemes and urbanization in metro cities, the sector is at the pace of all time. However, a real estate business is quite expensive. It requires a high amount of capital for high returns, and lower investments do not fetch much profits.
With a growing market for real estate, one can also expect an increase in building materials. This is particularly with steel, as current trends indicate that India might grow to become the second-largest exporter of steel. Reports suggest that the Indian steel industry would produce about 300 million tonnes by 2029-2030. This demand is also fuelled by the growing auto industry.
While steel is imported too, the government has recently placed a lot of emphasis on ‘Make in India and Build in India’. These initiatives have been very successful in domestic production.
Gone are the days of two day weddings and a simple ceremony! India is seeing a spike in destination weddings or atleast themed weddings over the past few years. The wedding industry is developing so rapidly so as to inspire multiple cinemas and TV shows as well. The ‘Big Fat Indian Wedding’ market is around $40-50 million in worth and is growing at a rate of 30-40% every year. This is an excellent business option for a beginner as it caters to multiple income brackets and you can make a choice based on your budget.