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Profitable Startups In India – The Industries They Target The Most Now

It has been a long dream of yours to own a company of your caliber. You want to create a brand name that people will remember years after you die. There are so many startups already that you will come across.

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Profitable Startups In India – The Industries They Target The Most Now

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  1. Profitable Startups In India – The Industries They Target The Most Now If you want to run a profitable business, you need to know the current industrial sectors that will help you to get to your goal with ease. Not all industries have the same popularity among the gen-next these days. So, to be one of the Profitable startups in India, you first have to target the right industry for the same. Which one of those industries should you choose to enter? For that, check out the points mentioned below: The e-commerce sector is just booming: In the year 2020, retail eCommerce sales have accounted for around $4.28 trillion globally. Then you have the e-retail revenues, which have been projected to grow to $5.4 trillion by the end of 2022. This kind of driving force behind this major growth is because online shopping is the most promising online activity. So, if you want to venture into a profitable business deal, trying your hand in the e-commerce sector will be a great call. Always remember that with huge success comes a lot of competition. So, you will be up against some of the biggest e-commerce sites. So, stage your plan accordingly to topple up these big names. Healthcare tech: The globalized healthcare IT sector was valued at around $72.4 billion in 2020. It is also expected to grow at a compound annual growth rate or CAGR of 10.7% over the 2028 forecast. So, the core result will be valued at $166.0 billion by the end of 2028. So, if you have a background in the healthcare department and want to move upwards in this field, then this healthcare tech is the one for you to go give out a try right now. Artificial Intelligence or AI: Around 60% of the entrepreneurs of the Best startups in India 2022 have agreed that AI or Artificial Intelligence is the promising tech industry for that substantial growth. The AI industry is currently divided into three heads and those are software, services, and hardware. Despite being the largest of the three AI industries at 88%, the software department is the slowest growing area. This Ai department was valued at $39.9 billion in 2019. So, you can know very well where it might reach in the next few years! Delivery services: The delivery service industry has seen a major increase in demand since 2020. With more people staying at home, the meal kit delivery industry has been booming since COVID-19. So, you can enter this industry right now as this online delivery service is here to stay and won’t go anywhere soon! Check out all these industrial sectors and make up your mind regarding the choice you want to make. Depending on the area you are interested in, you get to make the right choice.

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