Best 50 Profitable Business Ideas in India for 2024

Are you searching for profitable upcoming business ideas in India with small capital investment?  Whether you are from India or from any other country, this article will help you in finding upcoming and profitable business opportunities in India.

We understand finding the right business idea is a difficult decision to make for a beginner. A wrong decision in choosing and running a business venture can turn you broke. It is, therefore advisable to explore as many options to explore to find the right match depending on your present financial status, circumstances, local demand, demographics, and expertise.

The four most important aspects that must be considered before launching a small business in India are the following:

• Local market demand
• Market competition
• Startup & recurring costs
• How do you plan to sell your product/ service to your target audience?

So, when you consider the above-mentioned parameters, it becomes extremely critical to select a business that can fetch good returns. Check out below some of the most lucrative small business opportunities in India at present and in the near future.

50 Small Business Ideas in India

1. Pollution Mask Making & Selling

All metro cities are facing the problem of air pollution. In India, people staying especially in cities like Delhi, and Bengaluru faces the acute problem of air pollution. Manufacturing air pollution masks is one of the most potentially profitable upcoming business ideas in India.

2. Create Mobile Apps

The demand for mobile apps is growing like never before in India. The Mobile app-making business has huge potential and vast opportunities in India. you are tech-savvy, research the needs of the people, and develop a mobile application that serves the user.

3. Start a Blog

Search the internet and you will find plenty of bloggers making millions out of running a blog. The cost of starting a blog is less than nominal. You just need just half an hour to start a blog.

4. 3D Printing

3D Printing is gaining much popularity in India. In fact, it is replacing the conventional prototype printing technology. If you want to invest in the digital printing industry, you must consider starting this business seriously.

5. Renewable Energy

Presently, the government of India is promoting companies that are venturing into alternate energy business ventures. For individuals who are keen on getting into the environment-related business, the renewable energy business sector provides a great opportunity.

6. Diabetic Clinic

The disease of diabetes is increasing fast in India. If you have a good retail space, starting a diabetic clinic is surely going to provide you with big returns.

7. Open a Preschool

Currently preschool business in India is worth more than Rs 4000 crore which shows the potential of the preschool business. Additionally, this is one of the most popular small business ideas in India in the education segment. If you enjoy spending time with kids, consider starting a preschool business.

8. Fashion Designer 

The fashion industry has grown by leaps and bounds in India. Most individuals in urban and semi-urban cities and towns are fashion-conscious nowadays. If you have the skills or have a keen interest in clothing and accessories, this is not a difficult industry to make a career in.

9. Fitness Instructor 

Anyone having expertise in aerobics and yoga can initiate a fitness service business. This business can be started with very low start-up capital. If you are looking for a recession-free business in India, a fitness-related business is a good option.

10. Embroidery and Knitting

If you talk to any fashion designer in India, the most critical aspect of their business is finding people having skills in embroidery and knitting. If you can acquire skills in this trade, getting assignments is just a cakewalk.

11. Beauty Salon

A beauty salon or beauty parlor provides products and services that enhance the client’s physical appearance and mental relaxation. This is one of the most trending beauty business ideas in the retail segment. Selecting the right location, efficient manpower, and proper sales promotional activity is required in starting this business.

12. Recruitment Agency

The recruitment service business is all about providing manpower to other companies and getting paid for it. Anyone having a good connection with candidates looking for a job can start this business. You need very little investment in starting this business. You can also start this business from home.

13. Tutoring

In India, most parents are very serious about providing the best education to their children. They are constantly looking for quality and dedicated tutors. If you love teaching you can start a tutoring business with less capital or no capital investment and make serious money.

You can also opt for online tutoring. It is seen after the pandemic, the demand for online tutoring has grown exponentially.

14. Soap Making

You can start a soap-making business with some simple equipment from your backyard. Homemade soaps have a great demand in the market. And the required raw materials are easily available in any city or town in India.

15. Laundry Services

The Laundry business is getting into an organized sector in India. There is an increasing demand for laundry services, especially from working people. Anyone can start this business with very little capital.

16. Join a Direct Selling Company

If you are a beginner and have good communication skills, joining a reputed multi-level marketing company can fetch you millions. You just need to promote products and ask people you know to join the company. There are plenty of people making millions of rupees in reputed MLM companies like Amway, Avon, Tupperware, etc.

17. Smart Phone Repairing

Smartphones are no anymore for people having money. The reduction in price has multiplied the sale of smartphones in India. As a result, the demand for repairing smartphones is growing steadily.  You can get trained by local training institutes and start this business.

18. Automobile Service Station

The rising economy of India has boosted the sale of cars and vehicles in India. Hence there is a considerable demand for automobile service stations in most parts of the country.  Thus, starting an automobile service station is one of the most profitable small business ideas in India for new entrepreneurs.

19. Food Delivery

The food delivery industry is growing in India. There are many food delivery platforms like Swiggy, Uber Eats, Zomato, Foodpanda, etc operating successfully in the Indian market. This shows there is a big opportunity for a food delivery business here in the country.

20. Catering Business

If you love cooking and enjoy serving recipes to people, a catering business can fetch you good money. However, it requires the ability to work under pressure, and excellent interpersonal skills to be successful.

21. Courier Service

Courier service is a low-investment business in India that can bring you high returns. You can also tie up with reputed brands like DTDC, DHL, and BlueDart, and work under their banner.

22. Mobile Food Truck

The Mobile food truck business opportunity is different from a normal restaurant in two major ways. One is you are moving and you don’t have a retail location. Second is you yourself are going to the customers. A person having minimum experience in the food service industry can initiate this venture in cities and small towns in India.

 23. Interior Design

If you have knowledge and experience in interior design think of initiating this business. The business can be started with low investment and even from home.

24. Market Research Services

Market research is a must for companies looking to get feedback from their potential users or existing users. If you have experience in market research activities, think seriously about starting this business.

25. Organic Food Store

In starting an organic food store business the most important consideration is the store location. Like any other retail business, the right location is the main parameter to get success in the business.

With the increasing awareness of healthy living, people are more interested in taking organic food though they are more expensive than non-organic food. The retail organic food market is an emerging trend and it is growing by 20% every year.

26. Sports Coaching

Sports coaching in the field of football, cricket, basketball, tennis, etc is very popular in India. If you are a sports enthusiast and have experience in a specific sports field, try this business.

27. Art Supplies Store

Art supplies store is a profitable and lucrative retail opportunity for any individual who is passionate about art and has knowledge about the equipment that is essential for artists. You can establish an art supplies store by having a small retail location with a flair stock of popular art supplies essentials.

28. Jewelry Business

Indians are very fond of jewelry items. In addition, jewelry is largely accepted as security for most Indian people. As a result, Gold and Diamond are lucrative fields of business in India. Both pearl jewelry and fashion jewelry are in high demand in India.  Any individual can initiate a jewelry-making business in India with low capital investment.

29. Become a Stock Sub Broker

People are showing more interest in investing money in the stock market than ever before. If you have knowledge about stock investing, partner with a reputed stock broker and help clients with their stock investments. You can also create online and offline classes and teach the tricks of investing money in the stock market.

30. Translation Service

India is fast becoming one of the major economies in the world. People from all across the globe are visiting India for one reason or the other. As a result, the demand for translation service providers is increasing. If you are good at it, think of starting a translation business and making good money.

31. Social Media Marketing

Most companies and renowned people in India nowadays take their social media profiles very seriously. Social media is now a very important tool for connecting with people. There is a constant need for maintaining and managing their social profiles on a regular basis. Hence they look forward to social media marketers who can maintain their profiles. If you have the expertise or can learn social media marketing, you can start this business and can make serious money.

32. Virtual Assistant  

Virtual Assistance is identified as one of the top ten technological breakthroughs. A virtual assistant business is easy to start. All you really need is a laptop, phone line, internet connection, and a good professional website.

33. Agarbatti Making

Agarbatti making is a very profitable business in India. The state of Karnataka leads in the manufacturing of Agarbatti or incense sticks for the ease of sourcing raw materials. You can start this business from home with a simple hand-operated machine.

34. Bakery

The bakery business is a very lucrative opportunity in India for new entrepreneurs. Additionally, this business offers a wide range of scopes of expansion.

35. Candle Making

Candle-making can be a potentially profitable business in India. The use of candles is no more limited to religious occasions or illuminating households during power cuts. Candles are now used also for interior decoration in showrooms, events, etc.

36. Detergent Powder Manufacturing

There is a good demand for low-cost detergent powder in the semi-urban and rural regions of India. If you can provide good quality detergent powder at a reasonable price, getting customers won’t be a big issue still in the Indian market.

37. Digital Marketing Agency

There has been a huge growth of online platforms in recent years in India. More and more companies are desperately trying to explore the online space for promoting their products and services. If you have the necessary knowledge and expertise, consider starting a digital marketing agency in India by offering services like social media marketing, search engine optimization, pay-per-click advertising, etc.

38. Disposable Paper Plate Manufacturing

Disposable paper plates are selling in high quantity at present. The reason primarily is the ease of serving eatables during family functions, eating chats and snacks, fruits, sweets, etc. One can start a small paper plate-making business in India with a nominal investment of under Rs. 1 Lacs.

39. Chocolate Making

The chocolate or candy-making business is a  natural progression of turning your hobby and skill into a profitable home-based business venture. Homemade candies are very easier to make and also quite popular.

40. Diagnostic Center

There is still a shortage of diagnostic centers, especially in small towns and rural areas in India. However, you will need a reasonable investment to start a diagnostic center. If you have the funds, this is one business in the healthcare industry that is hugely lucrative.

41. Driving School

Most people prefer to go for professional car driving training before appearing for an examination to get a driving license. If you want to start an automobile-based business with low capital, opening a driving school can be worth considering.

42. Business Consulting

The scope for consultancy service business nowadays has grown by leaps and bounds in small businesses. If you have experience in a specific field and have gained specific expertise, you can think of starting a business consultancy from home.

43. Open a YouTube Channel

Presently, there are thousands, if not millions making six-figure incomes out of running a YouTube channel in India. If you have good communication skills and have a passion for a specific subject that has a public demand, starting a Youtube channel in India makes sense.

44. Open a Clothing Store Business 

Though the market of the retail clothing business is competitive, still there is a wide scope in this sector. If you have a good retail space in a promising location, a clothing shop can bring in a high profit in India

45. Launch a Dropshipping Business

Young tech-loving people in the country can take the dropshipping business more seriously nowadays. As more and more Indian people are buying goods in the online space, it is surely now one of the most upcoming profitable business opportunities in this part of the world.

46. Create Learning Apps

If you are a teacher or love teaching, you can consider building learning apps. You can take inspiration from startups like Byju”s learning  App that started small and at present developed into a big online learning company in India.

47. Earn from FaceBook

If you have a good network of Facebook friends, there are multiple ways of earning from Facebook. FaceBook at present along with Google has captured the most audience on the internet. You can make money on Facebook as well.  Read our post on different ways of making money from Facebook.

48. Errand Service Business

People in India are more and more looking for services to fulfill their daily needs of life like groceries, paying bills, medical prescriptions, etc. You can target elder citizens and dual-income couples in getting more customers.

49. Computer Repair & Maintenance

Though there is no dearth of computer maintenance personnel, if you talk to people you will find most computer owners looking for reliable and honest individuals to work with. If you feel you can serve honestly, there will never be a shortage of customers.

50. Diet Planning

If you are a dietician or nutritionist, you can start this business in India. You can offer the service on your home and online basis. Even, if you are in a full-time job, you can do this as freelancing.

Read: Best Low-Cost Small Business Ideas

There are plenty of more upcoming business ideas and opportunities you can consider in starting a business in India. It is advisable to check your strengths and skill sets and then choose a business to start. We hope this list of profitable upcoming business ideas in India will inspire you to start a successful business.

FAQs

What are the best business ideas for beginners in India?

Presently, there are a good number of profitable business opportunities in almost all industry sectors. Some of the best business ideas for beginners in India are e-c0mmerce, food delivery services, grocery stores, car rental, online tutoring, and mobile phone repair.

How can I start a business in India with low investment?

Yes, you can start a business in India by investing little money. However, you will need to have a good business plan, local demand, and dedication toward developing the enterprise. Some of the low-cost business ideas in India are food catering, food trucks, small digital marketing agencies, smartphone repair,  freelance writing, and web design services.

Is it easy to start a business in India?

It is much easier to start a business in India at present. All successive governments are trying their best to simplify company formation processes and create a business-friendly atmosphere in the country.