What is the best business opportunity in India? What are the most profitable businesses in India with low investment? If you want to start a business and earn good profits without investing much capital, then you should read this article.
India has become an attractive destination for foreign investors due to its growing economy, rising middle class, and improving infrastructure. The country also offers a range of opportunities for entrepreneurs looking to start their own businesses.
And according to the World Bank, the country is expected to become the third largest economy by 2030. This means there will be plenty of opportunities for businesses to thrive. Are you Interested in starting your own business in India? Here are the 20 most profitable businesses in India with low investment in 2023.
1. Car Rental Business
The car rental business is yet another lucrative business in India with low-cost capital. India has a wide range of car rental companies. But if you are looking for some extra income source then you should start this business. Here, you don’t need any physical presence in place and can work from anywhere.
2. House Renting Business
House renting business is still another great business idea in India with low-cost investment. If you have a good network of customers, you can easily earn a huge amount of profit. You don’t need any physical property to run this business. You can rent a house/apartment to customers on either a short-term or long-term basis.
Must read: Top 30 Small Manufacturing Business Ideas
3. Insurance Business
The insurance business is yet another great way to make quick money in India with low investment. Once you get the customer’s insurance policy, you can charge a premium from them. After that, you can pay the claim amount to the insured person. So, you don’t need to worry about the loss of payment.
4. Travel & Tourism
India is one of the top destinations for tourism in the world. Many people travel here for enjoying nature and wildlife. If you wish to make money out of tourists who visit India, you should consider setting up a tour guide service in India, this is the best business idea with low investment.
5. Online Clothing Store
Online shopping is becoming increasingly popular in India and all over the world. Many people buy clothes online instead of going to physical stores. If you have an eye for fashion and design, you can set up your own online clothing store and sell your creations via the web. Also, you can register and sell clothes on Flipkart, Amazon, and Meesho.
6. Freelance Writing
Freelancing is one type of most profitable business, if you have writing skills, freelancing could be a great option to go. You can get paid per article depending on the number of views you get. Moreover, some clients may require articles to be written around their brand.
7. Event Management Business
Event management is one of the most profitable and easiest businesses to start with low investment in India. All you need is some basic knowledge about event planning and organizing events. Events provide you with an opportunity to interact with different types of people. So, if you are looking for something more flexible than working under someone else, then event management might be the right choice.
Must read: How to Start a Business in India: A Step-by-Step Guide
8. App Development Business
This is nowadays becoming a very popular business with low investment in India. In today’s world, everyone wants to develop mobile apps. If you are creative and smart enough, then you can create your own app. But, before getting started, you need to build a strong portfolio. And once you get noticed, you can easily charge anywhere between Rs 50,000 to Rs 1 lakh per month.
9. MLM (Multi Level Marketing)
MLM is the fastest way to scale your income in India. Just remember to invest wisely and choose a reliable company to sponsor you. Build your downline, recruit people below you, and give them proper training. As soon as you do that, you’ll notice yourself climbing up the success ladder.
10. FMCG – Fast Moving Consumer Goods
FMCG refers to consumer goods that are consumed faster than traditional grocery items. An example of this is bottled water; you drink it up, and it’s gone. People aren’t as likely to stock up on soap or toothpaste because it lasts longer and they’re more likely to consume it slowly throughout the month.
However, safe drinking water is a necessity. This means that if you ever wanted to create a successful consumer goods business in India, then fast-moving consumer goods is where you want to focus.
11. Food Processing / Packaging
This is one of the hottest sectors in terms of the most profitable startup opportunities in India. Since there’s so much opportunity in this space, there’s tons of competition. Not only are you fighting off established players in the space, but well-funded global conglomerates are now entering the fray.
Just last year, General Mills announced that they were launching their own snack brand. Nestle also launched a range of protein bars. These kinds of launches are making investors nervous about missing out.
12. Business Consultancy Services
Business consultancy service helps entrepreneurs to improve their business skills. If you have expertise in any field then you can provide consultancy services to others. Also, if you have experience in any particular subject then you can share your knowledge via consultation. As a result, you can get clients and earn money.
Must read: 20 Most Profitable Wholesale Business Ideas
13. Virtual Assistant
A virtual assistant (VA) is a person who provides administrative assistance online. Through VAs, you don’t have to hire full-time employees to handle your personal tasks. Instead, they work remotely and perform specific assignments or projects for you. Tasks can range from data entry to transcription. Most VAs charge hourly wages of $10 to $20 per hour.
14. Transcription Services
Transcription means converting audio/video recordings into the written word. If you are a fast typist, you can transcribe recorded interviews or lectures for pay. Most employers prefer candidates with transcriptions certifications. Hiring managers find that certified transcribers are more reliable than those without certification.
15. Mobile Phone Repair
The mobile phone repair industry in India is booming. There’s a huge demand for mobile phones and people want their handsets fixed immediately after they break them. If you have experience in fixing mobiles, you can open your own mobile shop. You need to invest little money in setting up your business and then start repairing mobiles.
16. Beauty Parlor
There is high demand for beauty salons in India. People prefer going to beauty salons rather than visiting dermatologists due to a lack of awareness about skin-related problems. You don’t need any specific training to run a beauty salon; you just need some basic knowledge of skin care products and good communication skills. Moreover, starting a beauty salon provides you with a flexible work schedule, since you can choose your opening hours according to your convenience.
Must read: 20 Best Sports Business Ideas for Entrepreneurs
17. Pest Control Services
Pests cause damage to both residential and commercial structures. Pest control requires specialized skill sets and tools. Most pest control companies provide a wide range of services including termite treatment, mosquito control, bed bug removal, spider control, etc. These services are highly lucrative as people always look for ways to keep themselves safe from these pesky creatures.
18. House Cleaning Service
Housekeeping services are growing at a fast pace across the globe. In India alone, there are around 5 million housekeepers working in various houses. As compared to western countries, housekeeping is not considered a prestigious job in India. However, if you can manage to create your own unique style and brand value, you can definitely charge higher rates.
19. Home-based Hair Styling
Hair styling is a great way to earn extra income in India from home. You do not require any formal education or professional training to become a hairdresser. All you need is a pair of scissors and a comb. The best thing about being a home-based stylist is that you get to travel and meet different kinds of customers.
20. Handmade Product Manufacturing
If you enjoy crafting things, you can set yourself up as a manufacturer of handmade products, this is very good and most profitable business idea with low investment. You can use the internet to find out what kind of designs sell well. Then, you can make the necessary changes in order to increase sales and improve profit margins.
Must read: 15 Legit Online Business Ideas with ZERO Investment
India has always had a reputation for being a country where entrepreneurship flourishes. The Indian government encourages businesses to start up and provides them with tax breaks and subsidies. There are plenty of opportunities out there, especially for those who want to get into the lucrative eCommerce sector.
With the rise of mobile devices, eCommerce has become easier than ever before. This makes it possible for anyone to sell their products online, regardless of location. Even better, the number of potential customers is growing exponentially every day. All you need is a good idea and some basic marketing skills.
And, the key to success lies in building a strong network of mentors, advisors, and investors. If you want to start a successful business, you should focus on these areas.