8 Emerging Business Opportunities in India

BANGALORE:  With the emergence of new technologies, we are witnessing the advent of whole new industries and the declining in fortune of some old ones. We can take the case of e-commerce- this is a product of the internet and telecommunication revolution and today this industry is set to challenge the good old brick and mortar retail stores. Then there is the case of growing industries creating opportunity for auxiliary businesses, such as suppliers and distributors. Let’s take a look at the top industries that are predicted to provide potential business opportunities in the coming years, with inputs from slideshare.net.

Tourism: According to the World Travel & Tourism Council, in 2012 alone tourism sector garnered 6.4 trillion and the contribution of tourism industry to India’s GDP that year was 6.6 percent. The tourism industry employed 39.5 million people.The industry is supposed to grow at the rate of 7.9 percent between 2013 and 2023. Tourists, mainly from the U.S. and UK constitute the bulk of the foreign tourist inflow.  In spite of all this, we must admit that India’s tourism infrastructure is underdeveloped. And that creates some business opportunity. India ranks at number 65 in the Travel & Tourism Competitiveness Report 2013. The opportunities lie in the field of hotel industry and airlines business. Besides, India is becoming a hub for medical tourism, sports tourism and educational tourism, indicating at the availability of many untapped opportunities.

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