Here are 20 top, in fact the best new small business ideas that have high potential to flourish in India in this year of 2017:
Eradicating unemployment is one of the toughest challenges the country faces at present. Hence, there’s need of solutions to overcome this critical problem in the country and one proven way that can help this country to solve this social problem is to ignite the spark of entrepreneurship and provide support to more and more youth in the country.
India’s feet with each passing day are gradually moving towards more development and progress. From past 10 years, a healthy growth rate in most of its sectors such as transport, storage, communication, financing, manufacturing etc has not only improved the quality of human life, it has also made India a great flash point for business after China in Asia.
Here are 20 best new business ideas local based aspiring entrepreneurs can consider shaping in rural, semi urban as well as in urban areas of India in 2017:
1. Small Healthcare Clinic
While more than 70% of India’s population resides in rural and semi urban areas, 80% of country’s health care facilities are situated in urban areas. Hence, there is a need of building and managing healthcare facilities in those areas(rural and semi urban) where it is needed most.
Due to high demand in rural and semi urban areas and easy availability of startup finances, aspiring entrepreneurs can make great use of large number of unemployed certified healthcare physicians while setting up healthcare facilities in rural and semi urban areas.
2. Wedding Planners
In today’s fast paced life, wedding planners have started to become a requirement in every country and India is no exception.
So, those who’ve excellent planning and organizing skills should give their thoughts to offering wedding planning services to the vast number of families and help them in relieving their stress and worry over their wedding events.
3. Cement Tiles Business
The current size of cement tiles market in India is still highly untapped and it is predicted that this market will grow double of its current size in coming years.
With few players serving the market, the simple manufacturing procedures, low input costs and great access to raw materials makes a cement tiles manufacturing business worth to invest in in today’s India.
4. Rental Services Business
With more and more international and domestic tourists heading towards India, offering rental bikes, fishing equipment, golf gear, ski instructions, rock climbing gear, trekking guides in Kashmir and Himichal Pradesh etc is one of the best business opportunities for those who seek to start a business in India’s tourism sector.
Well apart from targeting tourists, there are other multiple rental opportunities such as apartment renting to tourists, construction equipment renting to companies that have emerged potential areas for local aspiring entrepreneurs.
5. Small Restaurants / Fast food Kiosks
The advantages of small capitals, few overheads, basic infrastructure etc and with high tourist inflow from foreign countries as well from domestic areas, offering food-on-go to them is a compelling business opportunity for local aspiring entrepreneurs.
6. Recycling Collection Business
India on each passing year is drowning in garbage. It also suffers from lack of effective initiatives of recycling plastics, paper and other forms of recyclable waste.
With almost zero competition, aspiring entrepreneurs have multiple opportunities towards making great profits by turning its waste into new products. This way will not only help this country to save many of its already flawed landfills but it can also be one of the solutions for its large number of unemployed youth.
7. Mineral Water Bottle Plants
The unavailability of fresh mineral water has been found to be one of the top reasons that demotivates majority of foreign tourists to pay their visits to India. So, this is one more potential areas in today’s India aspiring entrepreneurs should work on if it wants to bring in more foreign tourists.