Top Business Opportunities in 2015
Top Business Opportunities in 2015
The Indian Economy is set to grow steadily over the coming years backed by reforms from the Central Government and revival of the global economy. The Indian economy is estimated to grow at the rate of 5.5% during the 2014 and is projected to grow at the rate of 6.3% during the year 2015 by the Asian Development Bank (ADB). The growing economy and stable government would present numerous opportunities for Entrepreneurs to start and grow a successful business. In this article, we look at some of the top business opportunities in India for the year 2015. The list has not been arranged in any specific order and is based on various factors such as historical growth rate, profitability, outlook, etc., of the sector:
The global and Indian telecommunication industry will present numerous business opportunities in the year 2015. India’s metros are set to transition from 3G networks to 4G network, while many of the 2nd and 3rd tier cities in India will transition from 2G to 3G networks. Reliance, Airtel, Aircel, Videocon and Vodafone are all set to completely roll out their 4G networks during the year 2015, generating employment and wealth throughout India.
Mobile technology is growing each year exponentially as more and more things advances on the move. Mobile access of internet is now nearing the same levels as that of desktop access. Further, affordable smartphones from companies like Micromax, Karbonn, Asus, etc., combined with the penetration of 3G mobile internet services in 2nd and 3rd tier cities will unleash massive demand for mobile-accessible content and mobile apps. Many of the fastest-growing companies in the Deloitte’s Technology Top 50 are mobile technology service providers or development companies.
E-commerce companies have enjoyed tremendous growth rate over the past few years and will continue to grow rapidly during the year 2015. National level retailers like Flipkart, Snapdeal, Jabong and Amazon will grow backed by healthy institutional and private equity investments. On the other hand, 2015 will witness the growth of many small to medium-sized local or regional e-retailing businesses that provide groceries and/or FMCG products to a smaller customer base. The focus of these firms on a small geographic area will help them be agile and easily provide same-day or next-day delivery of groceries, vegetables and perishables – which cannot be matched by large players with large delivery networks. Contrary to the growth of large eCommerce player backed by Private Equity firms, the growth of regional retailers will be backed by customer demand unlocking business opportunities for a number of people.
Health & Personal Care
Health and personal care services will continue to grow steadily in the year 2015. Healthcare or health-related service providers leveraging technology will enjoy tremendous growth. Companies like Practo, an online Doctor appointment scheduling service and Portea, providing Doctor at home service have expanded significantly during the year 2014 and will continue to do so in 2015. Increase in affluence and urbanization will continue to drive the demand for health-related services like gyms, salons, weight loss clinics, etc., creating business opportunities in the health or personal care sector.
Edureka, an online learning platform providing instructor-led live online courses for IT professionals, recorded an astounding annual growth rate of 2768% during the year 2014. There is tremendous demand for learning on the internet, especially for upcoming technologies like Hadoop, Cassandra, Android and cloud computing. Therefore, companies that can deliver strong content in the above areas in an online format can enjoy similar business opportunities.
There is a strong shift of audience from traditional media like radio, television, print and newspaper to social media, streaming video, blogs and other forms of online content. This has led to more and more businesses advertising online. Large businesses are having to supplement their offline advertising channels with an online presence, while smaller businesses are also advertising online due to the affordability. However, many of the leading advertising firms focus on high-budget print or television or outdoor advertising, creating an opportunity for the growth of small to medium-sized online advertising firms.