As per the report released by Expert Market Research, Handcraft Products Market will reach 1,204.7 billion by 2026.
70% of businesses flop due to financial and legal woes.
The business section has been transforming from time to time! Are you looking to start a profitable business in India, but don’t know which is more profitable?
In this blog, we saw the top 10 most profitable businesses in India. Profitable businesses depend on many factors like Market demand, Competition, Investment, Business model, locality and skills and experience. So, let’s get started!
Here, are the most profitable businesses in India
1. Wedding Planners
The wedding industry in India is massive and holds a special cultural significance. With lavish celebrations that often span several days, wedding planning has become a highly profitable business.
A wedding planner is a business that requires the lowest investment to start which is the biggest advantage. In India, there is more concentration on weddings. People spend millions and crores on weddings to fulfill their luxurious dreams, photo sessions, and bidaii.
2. Agriculture
Agricultural scientist MS Swaminathan has played a vital role in the green revolution.
Agriculture has always been the backbone of India’s economy. It offers you a variety of farming like organic farming, dairy farming, fish farming, mushroom farming, beekeeping, etc. It is highly demanding and also requires minimal investments resulting in high profits.
3. Doctor and Healthcare
The healthcare industry in India is expanding at an unprecedented rate. With a growing population, rising health awareness, and increasing incidence of chronic diseases, the demand for healthcare services is higher than ever.
This makes it one of the most profitable sectors. Setting up hospitals, clinics, diagnostic centers, or specialized treatment facilities can be highly rewarding. Additionally, medical professionals such as doctors and specialists are in constant demand, and healthcare services tend to be less affected by economic downturns.
Innovations in telemedicine and digital health further offer new revenue streams. By providing quality care and leveraging technology, the healthcare industry presents immense potential for profit and growth.
4. Website Designing
Website design is the process of creating the visual look and feel of a website.
Nowadays, social media plays an important role. A business can not survive without strong social media!
Businesses require a website to highlight their product and services. To make your website attractive, create an optimized and user-friendly website.
Three new websites are built every second, with 252,000 new websites created every day (Forbes).
5. Real Estate
Real estate is one of the most lucrative industries in India. With the country’s rapid urbanization, population growth, and increasing demand for commercial, residential, and industrial spaces, real estate offers abundant opportunities for profitability.
The sector benefits from government initiatives like the Smart Cities Mission and Housing for All, which spur development. Investing in land, residential buildings, or commercial properties can yield substantial returns through rentals, leases, or sales.
Whether you are a developer, investor, or real estate agent, the potential for growth and income in this sector is significant.
6. Copywriting Business
It is another zero-investment business where you earn the work by showcasing your writing talent. As a copywriter, you have a skillful combination of advertising creatives, strategists, and branding specialists.
Always keep in mind that becoming a copywriter is not an overnight process. You have to dedicate your time to this. Udemy, Coursera, and Skillshare are such great platforms to start this!
The estimated total pay for a Copywriter is ₹5,26,500 per year, with an average salary of ₹4,80,000 per year.
7. Restaurant & Cloud Kitchen
If you are thinking about opening a restaurant and looking for a cost-effective solution, restaurant management software will be the best option for you.
A cloud kitchen—also referred to as a “ghost kitchen” that uses online food delivery platforms.
It requires low capital and there is low risk.
Cloud kitchens are quickly gaining popularity because the delivery business is booming!
In Delhi alone, there are over 20,000 active cloud kitchens, with an annual growth rate exceeding 20%.
8. Coaching Institutes
Nowadays, coaching institutes are in high demand as the competition increases in education, students need guidance for competitive exams and various entrance exams. It can be started with minimal investments but you have to be an expert in a particular subject.
There are a total of 63184 Coaching Centers in India as of June 15, 2024.
9. Skill Development Center
Skill development centers promote vocational training and focus on your skills. So, opening a skill development center is a beneficial business opportunity! To promote skill development, the government started many schemes and supported financial assistance.
There are various schemes taken by the government to promote skill development like Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme, Sankalp program, etc.
10. Software Development Company
Software development is a growing industry in India, and there is a high demand for skilled developers. It can be started with minimal investment in terms of equipment and infrastructure.
The worldwide population of software developers is expected to reach 28.7 million by the end of 2024.
The cost of software development projects ranges from $3,000 to $150,000.
Conclusion
In conclusion, regardless of the industry—whether it’s real estate, healthcare, wedding planning, or any other—every business requires effective digital marketing to thrive and expand in today’s competitive landscape. A robust digital presence can attract more customers, boost brand awareness, and drive sales.
At SerpMinds, we provide comprehensive digital marketing services tailored to your business needs. From SEO and content marketing to social media management and online advertising, our expert team is equipped to help you achieve your business goals. Let us partner with you to create powerful marketing strategies that yield measurable results and propel your business to new heights.