siliconindia | | APRIL 20239India's economy and it is time for the franchises to explore the opportunities in the smaller cities too and spread their wings. The smaller cities have a lot of potential and there are many people who are looking for good franchises to invest their money. The current state of the franchise business in India is very promising, where the industry is growing at a rapid pace and is expected to reach Rs.7,000 crore by 2025. Franchising contributes to nearly four percent of the Indian GDP and employs over 1.5 million people.Economy Tangent: With such a large population and growing economy, the potential for growth in the franchise business is tremendous. Franchises are already well-established in India, with some of the world's largest franchisors operating in the country. But there is still rooms for expansion, as only a small fraction of Indian businesses are franchises. The franchising sector in India is expected to grow at a compound annual rate of thirty percent through 2025. This growth will be driven by a number of factors, including an increasing middle class with disposable income, favourable government policies, and rising awareness of franchising as a business model. With over 10,000 registered franchises and 3,500 active ones, the sector provides ample opportunities for entrepreneurs. The concept of franchising is still new in India and has tremendous potential for growth. Franchising offers several benefits to both investors and entrepreneurs. For investors, it is a relatively low-risk way to enter into a new market. For entrepreneurs, it provides an opportunity to start their own business with the support of an established brand. The Indian government has also been supportive of the franchise industry and has taken several measures to promote its growth. These include setting up a National Franchise Development Centre (NFDC) and launching a Franchise India Brand Show (FIBS). With a strong growth
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