The India business landscape is prepared to grow in multiple areas due to various factors such as international trade, government stimulus, and an overall strong developing country. A young population is rising to leadership and technology driving growth and innovation then there are several business opportunities in multiple sectors. However, every year thousands of businesses are initiated, and 8 out of 10 businesses get shut off due to several reasons. The major reason behind is having a futuristic approach to such business. Below are the future business ideas 2020 in India.
Solar Power office and Home
Electricity is the basic requirement for any human being where it required for residential, commercial as well as industrial applications. Solar Energy is a powerful source that can be used for the generation of electricity. In this business, you need to sell solar power plants and solar project solutions. However, you need to install a solar grid at home or office premises and generate energy from the grid.
Warehouse or Inventory Management for e-commerce
Most of the online e-commerce companies are running out of warehouse and inventory management across cities. This can give birth to a new business called warehouse or inventory management. This business requires a lot of manpower and space for the warehouse. At the initial stage, you can start this business from a small city and later stage you can expand.
Vertical Farming and Gardening
Vertical Farming and gardening is a promising business idea for the future. In this business, you need to take an assignment for building a garden in the office or home area. In addition to that, you can start vertical farming in which you need to beautify walls by growing plants. Most of the small and medium businesses opt for vertical farming. This is the future business ideas 2020 in India.
Wearable products such as a smartwatch , ring, wrist band, pins, and smart devices are becoming popular nowadays. Most of these products are imported where you can start the business of importing wearable for selling it here. It is going to be a lucrative business option. You need to carry out proper market research before starting this business.
The above-mentioned ideas are the perfect business to start now and might expect to grow big within 5 years. Hope that I have covered all the topics in my article about future business ideas 2020 in India. Thanks for reading!