The 21st century belongs to India; there is no doubt that this is India’s century. Having lifted millions out of poverty and continuing with the goal, India is on a cusp of becoming a global economic powerhouse. With a middle class population more than the entire population of the United States, India can boast of a lot of progress across a variety of economic, judicial, political and social parameters. Businesses are booming in India and the Indian entrepreneur is taking on the world like never before. Exploring all possibilities of financing from government bank loans to loans from your family and friends, if you have an idea, you should try to implement it. Should you have the right idea, finance and team, your business has a high chance of succeeding. If you have got up at 8 am, hoping that someday you would be your own boss, then this article is for you! It states the most innovative businesses in India.
Here are some of the most innovative businesses in India
- Real estate scouting- Have many times have you heard of a young man or woman not offered a house because of his/her martial status? How many times should be a person belonging to a different part of the country, not familiar with the local language, have to suffer simply to find a home, in a new city? India is getting more urbanized! By 2030, it is estimated that about 50% Indians will be living in cities, a large percentage, if you take into account the demographics of India. Having an online portal is probably a good idea! Nestaway and Oyo are the market leaders in this category
- Dairy foods- India is the largest producer of milk in the world. However, when it comes to production of cheese and other cheese based products, it falls significantly behind even smaller countries like New Zealand. Technology and rising incomes has given a fillip to the demand of cheese, butter and ice cream, all of which are milk based products. If you are in the business of selling or manufacturing dairy products, India is one the best markets to do so, owing to the rising demand and the Westernization of the Indian Palate. Amul, Britania, Dannone are few of the market leaders in this segment.
- Wedding planners- India has a huge shortage of event managers. We, In India like things big. We have big parties, big celebrations and of course, who can forget marriages? Marriages in India amount to billions of rupees per year. According to the Indian system, a marriage has to be grand. In order to ensure that everything goes well, people earlier used to spend months planning the entire thing. However, today, with the advent of wedding planners, things have become easier. All you need to do is to specify your exact requirements and they take care of everything for you. Isn’t it convenient that you do not need to worry about anything? Leave it to the experts. There are a lot of people who are independent wedding planners, as this profession is turning out to be money spinner.