Which is the most profitable business in India?

Which is the most profitable business in India?

India is a growing economy with a vast population. It offers multiple business opportunities. Some of the most profitable business opportunities in India lie in industries like healthcare, hospitality, and sustainability. Those who are looking for low cost business ideas with high profit may also consider businesses like digital marketing, cloud kitchen and financial services.

How to start a profitable business in India

Conduct market research

Create a business plan

Organise funding

Select your business location

Choose your business name

Get licences and approvals

Register your business

Build your team

Start marketing activities

Launch the business

Once the business is launched, it is important to keep an eye on important statistics like sales and earnings so that you can track your performance and run a profitable business.

How to start a profitable business in India

Once the business is launched, it is important to keep an eye on important statistics like sales and earnings so that you can track your performance and run a profitable business.

Where to find funding for your new business idea?

Finding investment for your business can be a challenging task. Here are some popular options that entrepreneurs can use to get their business financed.

Bootstrapping

Bootstrapping is where the entrepreneur starts a business with their own money or capital. When an individual builds a company using their personal funds and resources instead of relying on external investments, they are said to be bootstrapping.

Bank loans

Banks seek lower returns for their investment than venture capitalists and angel investors. The interest rate offered by banks differs depending on various factors like the credit score of the company and the RBI interest rate.

Venture capitalists

Venture capitalists are organisations that invest in new businesses in return for equity while angel investors are wealthy individuals who do the same. Venture capitalists and angel investors also help the company by mentoring them to create a profitable business.

Top 5 profitable businesses in India

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Fitness and healthcare

Better health awareness, rising incomes, rising access to health insurance and the growing incidence of lifestyle diseases are some of the factors that are creating an increasing demand for healthcare and fitness services in India. Some profitable business ideas you may consider in this sector are: retail pharmacy, diagnostics centre, gym, yoga centre, alternative wellness services and home care. Remember that anyone working in the health and fitness industry must possess the right training and certifications that qualify them for the job.

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Tourism and hospitality

The tourism and hospitality industry includes hotels, restaurants, homestays, and tour agencies. This industry has seen a huge resurgence after Covid and is likely to continue its growth in the next few years. Some of the low investment high profit business ideas in this sector are homestays, tour agency/travel agency, walking tour business, trekking company, souvenir shop and so on. The Indian government is aggressively promoting tourism infrastructure in the country and entrepreneurs can use this opportunity to nurture their business.

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Sustainable products

With growing concerns over global warming, sustainable products have a great future in the country. The best thing about this industry is that it does not require a large investment. Some of the most beautiful sustainable products are made by hand by local weavers and craftsmen. Low-cost business ideas with high profit in this sector include the manufacture or sale of eco-friendly clothes and textiles, handicraft, decorative items, biodegradable plates, straws and glasses, sustainable shopping bags, products made from recycled materials and so on.

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Digital Marketing

The digital marketing industry in India has grown by leaps and bounds. One of the biggest advantages of a digital marketing company is that it is a low-investment high-profit business. You can choose to specialise in content marketing, affiliate marketing, social media, SEO, mobile marketing, viral marketing etc. or opt for a full-service digital marketing agency. When it comes to a digital marketing business, a lot depends on your employees. Hence it is important to establish a hiring process that encourages the right people to join the company.

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Financial advisory

Financial advisors are professionals who advise people on various aspects of their financial life like retirement planning, children’s education planning, tax planning, estate planning, insurance, and so on. Opening a financial advisory business is a low-investment high-profit business idea which anyone with the right qualifications can pursue. The financial planning business is a skills-based business that requires minimal investment on equipment and infrastructure. It also comes with great potential for high returns and a positive industry outlook.

How Boost 360 can help you grow your business

Creating your website within minutes

Promote your business online

Sell products & services online

Collect digital payments

Communicate with your customers

Start social media marketing

Showcase customer testimonials

Cost-effective monthly plans

Boost 360 is available for the following business categories

Retail Businesses

Services Business

Manufacturing & Equipment

Doctors & Health Specialists

Clinics & Hospitals

Restaurant & Cafes

Hotel & Guest House

Education & Coaching

Wellness Spa & Herbal Care

Beauty Salons

Frequently Asked Questions

I am starting a new business. How long will it take to generate profits?

Generally speaking, any business takes a few months or more to start generating profits.

Rs 10 lakh is a decent amount of capital to start a small business. Some profitable business ideas you may consider are yoga centre, travel agency, walking tour business, handicraft sourcing, digital marketing, financial services and so on.

Businesses like cloud kitchen, digital marketing, financial services, IT and software, renewable energy and fintech are some profitable businesses which seem to have a bright future.

Boost 360 can help you to create a profitable business by improving your online visibility and enabling you to add e-commerce.

No. The profitability of a business depends on multiple factors like industry sector, demand and supply, operating efficiency, government policies and economic environment. Managing a business efficiently can greatly increase your chances of running a profitable business.

Healthcare, tourism and hospitality, FMCG, IT, and renewable energy are some of the fastest growing sectors in India at the moment.

There is an element of risk in every business venture. That said, businesses which require a low investment are generally considered safer. Some low cost business ideas with high profit include digital marketing, online courses and e-learning, trekking company, tour walking business and financial services.

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Need help? We’re here!

Our experts are always here to assist you with any questions you may have, and help you get your business online. If you are interested in knowing more about how Boost 360 and YouTube can combine to help you promote your business online, feel free to connect with us. We would be happy to show you how you can use both these applications to drive online marketing.

Our experts are always here to assist you with any questions you may have, and help you get your business online. And if you want to further improve your online skills, head over to Boost Academy. You'll find many relevant resources there.

Our experts are always here to assist you with any questions you might have, or even help you get your business online.

Contact Us Explore boost academy