Get Technical writing done by AI. Effortlessly create highly accurate and on-point documents within hours with AI. (Get started for free)

"What are the top 10 most profitable industries to start a business in India?"

Oil & Natural Gas Corporation (ONGC) is the most profitable business in India, with a net profit of Rs 40,306 crore in 2023.

The pharmaceutical industry is a highly profitable sector, with India being the world's largest exporter of generic drugs.

Tata Consultancy Services (TCS) is one of the most profitable IT companies in India, with a net profit of Rs 31,614 crore in 2023.

HDFC Bank is the most profitable private sector bank in India, with a net profit of Rs 30,657 crore in 2023.

The party rental industry in India is valued at INR 489 billion and is growing at 4.3% annually.

Recruitment and labor contracting is a highly profitable business in India due to the ever-growing workforce and developing economy.

The IT sector is a significant contributor to India's economy, with TCS, Infosys, and HCL Technologies being some of the most profitable companies.

The telecommunications industry is also profitable, with companies like Reliance Jio and Bharti Airtel leading the market.

The renewable energy sector is growing rapidly in India, with companies like Suzlon Energy and Adani Green Energy being profitable players.

The auto industry is a major contributor to India's economy, with companies like Maruti Suzuki and Tata Motors being profitable players.

The chemical industry in India is also profitable, with companies like Tata Chemicals and Indian Oil Corporation being significant contributors.

E-commerce is a growing sector in India, with companies like Amazon India and Flipkart being profitable players.

According to a recent report, the Indian food delivery market is expected to reach $17.02 billion by 2024, making it a profitable sector for startups and established companies alike.

In 2023, the Indian e-pharmacy market was valued at INR 25,500 crore and is expected to grow at a CAGR of 23.5% during the forecast period 2023-2028, making it a potentially profitable sector.

The Indian edtech market is also growing rapidly, with Byju's being a prominent player, valued at $22 billion in 2023.

India's aviation industry is also experiencing growth, with companies like IndiGo and SpiceJet being profitable.

The Indian logistics market is expected to grow at a CAGR of 10.6% during the forecast period 2022-2027, making it a potentially profitable sector.

The Indian healthcare sector is expected to reach $372 billion by 2024, making it a profitable sector for startups and established companies.

In 2023, the Indian tourism industry was valued at INR 9,97,318 crore and is expected to grow at a CAGR of 10.5% during the forecast period 2023-2028, making it a potentially profitable sector for startups and established companies.

The Indian electronics manufacturing sector is also growing rapidly, with companies like Dixon Technologies and Lava International being profitable players.

Get Technical writing done by AI. Effortlessly create highly accurate and on-point documents within hours with AI. (Get started for free)

Related

Sources