Top 10 most lucrative sectors to launch your Indian startup

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Ecommerce

Ecommerce
India has the world’s fast-growing internet population, and that’s an indicator of the huge potential of e-commerce. The e-commerce segment is pegged at around $22 billion in 2015. The catch here is that there is serious brawn here. So there’s no point trying to emulate a Flipkart or Snapdeal.
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Finance

Finance
Smart ways to save, invest and blow currency is never out of fashion. With the e-commerce boom, the number of people using credit/debit cards and mobile wallets has increased exponentially, and that’s just the tail of the tape. Innovative finance services are the need of the hour. After all, who won’t want to save or blow cash in style!
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Food

Food
Picture this, around 67% of India’s retail spending is dedicated to food and groceries. With organized retail accounting for a mere 15%, startups and investors are seeing big moolah in this sector. For a generation that prefers convenience to kiranas and estimates pegging the business as close to $20 billion by 2020 the possibilities are endless.

Entertainment

Entertainment
India’s Media and Entertainment industry is currently increasingly driven by digitization and higher internet usage. Consider this, the Indian media industry is expected to rise to Rs. 2,27,000 Crores (US$ 36.49 billion) by 2018. Estimates peg the industry to be growing at compound annual growth rate of 15% from 2013 to 2018. Experts see around 9 billion mobile app downloads in 2015. This upsurge will shoot company revenues from paid apps to over Rs. 15 billion (US$ 241.16 million).
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Healthcare & Pharma

Healthcare & Pharma
Where there is a body, there ought to be ailments. It’s as simple as that. Recent innovations in the digital healthcare segment with startups like Practo, Lybrate and 1mg have eased access to doctors. Add to that the Pharma home delivery services the preventive healthcare, sensors, data and medical devices industries, and you have a burgeoning business right there.

Education

Education

Technology has its perks. It’s a vehicle to offer affordable solutions for mass scale education. There is also significant opportunity in the one-on-one training segment. Judging the fact that human desire to climb the social ladder is a primal instinct, this is a sector without recession.

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Travel

Travel
Affordable and Hassle free personal travel is a huge segment. This includes traditional online travel portals like MakeMyTrip, Yatra or Ibibo and several niche players with upcoming segments like ride sharing, alternate accommodation, and so on. However, with around 80% of the market in business cities, there is need for some more category creation.

Internet Structure

Internet Structure

The internet has changed our lives in more ways than we care to admit. We juice it out to our heart’s content, often unconscious of how we would have reacted differently less than a decade ago. Imagine goods and services that can leverage the power of the Internet to one’s advantage. This includes security, communication, etc. There is an ungodly amount of money to be made here.

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Enterprise Software

Enterprise Software

A startup to help startups! The country’s startup boom calls for cheap enterprise software. Several budding startups often end up using pirated software. If only they could get their hands on legitimate software with software rights, they’d love you, and you’d make money. This is a place where you’ll make money from volume.

Government

Government

Narendra Modi’s Digital India campaign is only a drop in the ocean. Our government’s outdated softwares are begging for a swanky revamp. If you think you’re out of the ‘10-6 Sarkari naukri’, think again. The country’s buck stops here buddy!

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