Do you want to know the latest trends and opportunities in the Indian market? If yes, then you are in the right place. In this web story, we will tell you about some of the most lucrative and promising business ideas that you can start in India in 2024.
The COVID-19 pandemic has accelerated the growth of online learning platforms, as more and more people prefer to learn new skills and courses from the comfort of their homes.
According to a report by KPMG, the online education market in India is expected to reach $5.7 billion by 2024, with a compound annual growth rate of 44%.
The e-commerce industry in India is booming, thanks to the increasing internet penetration, smartphone adoption, digital payments, and changing consumer preferences.
According to a report by IBEF, the e-commerce market in India is expected to grow from $38.5 billion in 2017 to $200 billion by 2024, with a compound annual growth rate of 51%.
Digital marketing is the process of promoting products or services using online channels such as websites, social media, email, search engines, etc.
According to a report by Mordor Intelligence, the digital marketing market in India is expected to grow from $3.6 billion in 2019 to $13.5 billion by 2024, with a compound annual growth rate of 30%.
Food delivery is the service of delivering food from restaurants or other food outlets to customers' locations.
According to a report by RedSeer, the food delivery market in India is expected to grow from $4.2 billion in 2020 to $12.5 billion by 2024, with a compound annual growth rate of 31%.
Solar energy is another best profitable business in India for 2024. Solar energy is the conversion of sunlight into electricity, either directly using photovoltaic cells or indirectly using concentrated solar power.
Solar energy is a clean, renewable, and cost-effective source of power, especially in a country like India, which has abundant sunshine.
According to a report by Bridge to India, the solar energy market in India is expected to grow from 37.4 GW in 2020 to 100 GW by 2024, with a compound annual growth rate of 28%.
Organic farming is the practice of growing crops without using synthetic fertilizers, pesticides, herbicides, or genetically modified organisms.
According to a report by IMARC Group, the organic farming market in India is expected to grow from $849 million in 2019 to $2.4 billion by 2024, with a compound annual growth rate of 23%.