Top 10 Most Profitable Businesses In India [Best Business Ideas]

Table of Contents:

1. Best Business In India

2. Most Profitable Businesses In India

3. Most Profitable Business Opportunities In India

4. Best Low Investment Businesses In India

5. FAQs on Profitable Business Ideas In India

1. Best Business In India in 2022

We're in 2022, and this year is expected to be one of the most rewarding years for you, if you're planning to start a business in India. From advancements in technologies such as BNPL and contactless payments to government initiatives for MSMEs, 2022 could be indeed one of the best year for you, if you're looking to start a new business.  To help you out, we have listed some of the top profitable businesses that you can start.

After the beginning of the COVID-19 pandemic in 2020, there has been a drastic change in the user behaviour and priorities, and people are now more inclined to online businesses than before. Market trends are constantly changing everyday, as a result, the businesses such as cloud kitchen, online bakery, and digital marketing services have seen a massive boom . In a nation like India, which is a fast developing country, there are always new avenues for investment and exploration. However, the overall state of economy and society play a vital role in determining the demand for various services and products.

With the growth of e-commerce and artificial intelligence, the digital sector of India continues to boom. Also, there is an increase in the per capita income of the average Indian, hence increasing the disposable income. Products which were perceived as wants are now classified as needs and there is an overall shift towards better standards of living.

Here, in this article, we'll take a look at some of the best businesses ideas in India.

2. Most Profitable Businesses In India [2022]

Soon after the COVID 19 lockdown, there has been a paradigm shift in the user behaviours. With work from home being the new normal, the demands for certain things has risen, especially in Tier II and Tier III cities. This is the reason why most of the people are switching to businesses. If you're also one of those people, we have listed best profitable businesses in India in 2022 for you.

• Website Designing
• Interior Designing & Decoration
• Real Estate
• Building Materials
• Wedding Planning
• Pharmaceutical Business
• Travel Agency
• Organic Farming
• Food & Beverage Business
• Cloud Kitchen
• Home-based Bakery
• Virtual Event Planning
• Online Tuition
• Online Saree Business

1. Website Designing: A profitable business for techies

Blogging and digital marketing are some of the most popular options for employment. This has created a heavy demand for online resources. Almost every firm today has a website of its own. According to a report by Adobe, 48% of people cited that the design of the website was the primary factor in determining the credibility of a business. Furthermore, the lockdown has rendered physical spaces almost obsolete. 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 best businesses in India.

Also Read: How to start website designing business?

2. Interior Designing and Decoration: Best business for the creative folks

According to reports, the market for interior designing and renovation in India is estimated to be between USD 20 Billion- USD 30 Billion. Aesthetics is no longer a concept in the homes of the uber-rich. A large number of middle class families are opting for modern kitchens, fancy interior decorating, quality upholstery and new colour schemes. There is also a high demand for furniture and lighting, especially antiques. As a result, interior designing and decoration had become a popular topic in not just architectural and designing firms, but across social media as well. The domain is witnessing a large number of influencers particularly on Instagram and Facebook. Undoubtedly, it is one of the most profitable businesses in India.

Also Read: How to start interior designing business?

3. Real Estate: A booming business in India

Real estate has always been a thriving sector in India. The real estate sector in India is expected to reach US$ 1 trillion by 2030. Rapid rate of urbanisation, as well as a growing rate of nuclear families, real estate is a booming sector across India. Housing sales alone reached 2.61 lakh units across seven major cities of India in 2019. 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. Indeed, it is one of the best business in India.

Also Read: How to start real estate business?

4. Building Materials: 'Make in India and Build in India'

When we talk about the best businesses to start in India, we must not ignore building materials business. 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 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.

Also Read: How to start building materials business?

5. Wedding Planning: A business with huge potential

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.

Also Read: How to start wedding planning business?

6. Pharmaceutical Businesses: A business that you can rely on

Next on our list of best business in India is the pharmaceutical business. Today, India is reportedly the world’s largest exporter of generic drugs. The Indian pharmaceutical market is the fastest-growing and the most competitive amongst all in the world. The revenue in financial year 2020 was $55 million, clearly indicating the scope for profit in the domain. The pandemic has increased the purchase of drugs further over the past months. The industry is very competitive with a large workforce including scientists and engineers, as well as entrepreneurs and other businessmen who are a part of the distribution.

Also Read: How to start pharmaceutical business?

7. Travel Agency: For the wanderlusts

India is a very common tourist destination owing to its picturesque landscapes, stunning architecture as well as myriad cultures. Starting a travel agency anywhere in India is sure to fetch a significant profit. According to the WTTC, India ranks 10 out of 185 countries for contribution of tourism to the GDP. However, the business will require good collaboration between multiple stakeholders such as for, hospitality and transport.

Also Read: How to start a travel agency?

8. Organic Farming: One of the most popular businesses in India

Organic farming has become extremely popular in India. Recent concerns over chemicals used as pesticides as well as preservatives has propelled a lot of people to explore the organic farming market. One can enter the organic farming business in two capacities- as a cultivator of the crops or as the distributor of the same.India comprises close to 30 percent of the total organic producers across the globe.

Also Read: How to start organic farm business?

9. Food and Beverage: A business with good profit margin

India is the fastest growing economy in the world with 1.25 billion consumers of food and beverages. It is home to a large variety of cuisines, each of a different flavour and appeal. These are primarily due to the use of a number of spices during cooking. Exporting of these spices is a very lucrative business idea. Most of these spices are produced in small scale industries. Once a network is developed, and export permits are obtained, the business can be highly profitable as India is one of the largest exporters of spices. Similarly, taking up franchise of a beverage chain can also reap significant profits. These all factors make it one of the best types of business in India

Also Read: How to start cooking business from home?

10. Labour Contractor: The business with evergreen demand

With, with a developing economy and a population as large as India, recruitment is undeniably one of the most happening sectors.Contract workers make up 34% of India's massive workforce. It is a fairly easy business to enter with minimal capital requirements. There are quite a few legal requirements around this business as you will be working directly with human capital. However, the business will always be on demand and is very viable for people with minimal financial investment.

Also Read: Labour laws in India

11. Cloud Kitchen: A Futuristic-business

A cloud kitchen is also called a ‘ghost’ kitchen, delivery kitchen, or virtual kitchen. It is a commercial kitchen space that provides food businesses, facilities and services to prepare food. It focuses solely on fulfilling online food orders and delivery.

Cloud technology can facilitate online ordering at a low cost. A cloud kitchen can be a centralized commercial food production facility where several restaurants can share the resources and prepare food.  The number of cloud kitchens in India is expected to grow at above 50% year on year, and it is one of the best businesses to start in 2022.

Also Read: How to start cloud kitchen business?

12. Home-Based Bakery: Trending Business In India

There is nothing better than following your passion and starting a business with it. If baking is your passion, it is time to use your skills and start a cake and bakery product delivery business from home. The set-up does not require much investment, and you can start by selling to family, friends, and neighbours and gradually expand to taking online orders.Hence, it is one of the top business in India that you should definitely consider

Also Read: How to start a home-based bakery?

13- Virtual Event Planning: For the party lovers

The pandemic has pushed organisations to resort to online event management, and you can see the influence of this strategy in small and large businesses alike. While the pandemic has been a curse to many companies, it has been a blessing to a few, including the virtual event planning businesses.Indeed it one of the best businesses that you can consider in 2022.

Also Read: How to start virtual event planning business?

14. Online Tutions: For life-long learners

Despite the challenges that have emerged in an era of online learning, there are various perks of online education. In a space designed for virtual learning, having the right educators and resources can help students thrive. Not only students but instructors can also avail themselves the maximum benefits by starting an online tutoring business.

Online classes have emerged as a significant career choice. Students are looking for online tuition, specifically at the graduation level. Online tutors for graduation level are more in demand these days. Thus, if you have the required knowledge in particular subjects along with the zeal of earning money online, you must consider providing online classes.

Also Read: How to start online classes

15. Online Saree Business: Growing Business In India

Online Saree Business in the current landscape can be extremely profitable. Sarees are always in demand in India. That’s why this industry has been consistently making profits. Due to the sheer variety that they offer, Sarees never go out of fashion. That, paired with the digital boom that we’ve been witnessing, is reason enough to start your online Saree business today. Although it can be overwhelming initially, Saree businesses are rewarding in the long run.

Also Read: How to start online saree business?

3. Most Profitable Business Opportunities In India [2022]

These are the top ten businesses that are currently flourishing in India. The Indian market is also home to many other ventures. Finally, it is the ability of the entrepreneur in terms of finance, skill and effort that determines the scope of development of any business. Let us walk you through ten most profitable business opportunities in India that you can start in 2022.

• Digital Marketing Services
• Content Writing
• Tutoring
• App development
• Drop shipping Business
• Home-based catering
• Consultant
• Stock Photographer
• Accounting Services
• Medical courier service

By going through the above-mentioned ideas, we hope that you’re pumped up to explore these most profitable businesses in India.

4. Best Low Investment Businesses In India

There is an old-school thought that states that to start a business, you need high investment. Times have changed and the truth is completely different. Now in 2022, you don't need heavy investments and can easily start a business with zero investment. Check out the best business opportunities in India that need low to zero investment:

1. Paintings And Arts- If you are a painter or an artist, this could be the perfect zero investment business for you. You can sell your art pieces and paintings on various social media and online platforms.
2. Coaching Classes- You can start teaching junior classes to build confidence before targeting advanced classes.
3. Customised Gift Baskets- People need gift baskets for all occasions like anniversaries, birthdays, etc. This is a high-profit zero business idea to start your entrepreneurial journey.
4. Customised Printing On Merchandise- This zero investment business involves printing customised merchandise like t-shirts and caps. This small business idea is relatively easy to handle because payments are mostly made in advance.
5. Sell a service online- Many websites allow you to list yourself as a service provider like photographer, content writer, fitness trainer, dietician, etc.
6. Career Guidance And Counselling- Career guidance and consulting business can easily be started online, and you can work from home. You can list yourself on any online platform and provide students with online counselling.
7. Dropshipping And Resale Store- Dropshipping is a completely zero investment business where you act as a middleman between manufacturers and customers. In the resale business, you first purchase products at discounted prices and then sell the same to other customers at higher prices.

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5. FAQs on Profitable Business Ideas In India

Q. Which business is best in India?

Ans- There are a lot of businesses that are booming in India in 2022. However, online businesses such as cloud kitchen, digital marketing services, freelance writing services are some of the top businesses that are considered best in current times.

Q. What businesses are in demand in 2022?

Ans- These great business ideas will make you hit gold in 2022:

• Medical Delivery Services
• Consultancy Services
• Counselling Service
• Online bookkeeping eg: OkCredit
• Online Reselling
• Online Teaching

Q. Which business is highly profitable in India?

Ans- Event Management is one of the most profitable businesses in India. It is one of the few businesses that were still operational in smaller frequencies even during the COVID-19 Pandemic.

Q. What is the fastest growing business in India?

Ans- The Indian pharmaceutical market is the fastest-growing and the most competitive amongst all in the world. The revenue in the financial year 2020 was $55 million, clearly indicating the scope for profit in the domain.

Q. What is the best upcoming business?

Ans- These are the top 10 best business ideas for India (2022):

1. Online Courses and Coaching
2. Podcasts
3. Sell Custom Printed Products (T-shirts, Mugs)
4. Instagram Influencing
5. Youtube Channel (Food, Travel, Lifestyle)
6. Graphic Designing
7. Web Development Services
8. Starting an Ecommerce Business
9. Blogging
10. Affiliate Marketing

Q. What is the easiest business to start?

Ans- The easiest business to start is the Service Business if you're a beginner. It is basically selling your skill, labour or expertise in the place of goods and products.

Q. What business is in high demand in India?

Ans- Indian handicraft items manufacturing business is in high demand in India. It helps in bridging the gap amongst customers and artisans and can be started via low investments. Hence, guaranteeing a future monetary benefit.

Q. What are some of the most profitable business in India?

Ans- Some examples of the most profitable business in India are:

1. Personal Training or Coaching
2. Food Trucks
3. Information Technology
4. Repairing Services (Plumbing, Automobiles, Phone)

Q. What is the best upcoming business?

Ans- These are the top 10 best business ideas for India (2022):

1. Online Courses and Coaching
2. Podcasts
3. Sell Custom Printed Products (T-shirts, Mugs)
4. Instagram Influencing
5. Youtube Channel (Food, Travel, Lifestyle)
6. Graphic Designing
7. Web Development Services
8. Starting an Ecommerce Business
9. Blogging
10. Affiliate Marketing

Q. What are the most successful small businesses?

Ans- This is a list of the 10 most profitable small businesses:

1. Offices of Real Estate Agents and Brokers
2. Legal Services
3. Real Estate Leasing
4. Dental Practices
5. Outpatient Clinics
6. Financial Planning & Advising
7. Bookkeeping
8. Accounting
9. Tax Preparation
10. Storage & Warehousing

Q. What are the different types of business ownership in India?

Ans. The following are the different type of business ownership in India:

• Sole proprietorship
• Private limited
• Public Limited company
• NBFC
• Co-operative organisation

Q. Can you suggest some small business ideas in India under Rs 10000?

Ans- Here is a List of Businesses You Can Start Within 10000 Rupees in India:

• Candle Marketing
• Copywriting business
• Mobile Repair Shop
• Affiliate Marketing
• Tuition Classes
• Food Stall
• Homemade Healthy Sweets & Savories