Investment in a business in India is on the rise, drawing interest from a larger audience than ever before. New businesses will emerge to take advantage of this growing interest, but to stand out among the competition, you need to do more than simply follow the herd.
You need to innovate. And to do that, you need to look to the country’s most successful entrepreneurs for inspiration. Thankfully, many successful companies in India were created with the help of brilliant people who shared their expertise through online platforms. Those people now make a living off their knowledge, and they want to share their journey with you so you can succeed where they did.
Whether you’re thinking of entering the market or you’re simply looking to enter into a business partnership, this guide will help you understand exactly what you should be doing and how to make sure you do it correctly.
The Rising Indian Entrepreneur
Over the past five years, the number of Indians taking the leap and starting their own businesses has increased by 44%. This trend is being backed by the country’s economic development, with the Indian economy now one of the world’s most attractive destinations for foreign direct investment. If you’re looking for a country to call home, why not consider India?
With a growing economy and young population, there is plenty of opportunity to make a living. The number of jobs in India is projected to increase by 17% between 2018 and 2022. With more people competing for jobs, salaries are expected to rise as well. These factors will make it increasingly attractive for individuals seeking to start their own businesses.
The fact that so many Indians are taking the plunge to create their own companies shows that there is plenty of faith in the country to build successful businesses. Why? Well, let’s take a look at some of the factors that contribute to the allure of entrepreneurship in India.
If you’re looking to start a business in India, you’ll find plenty of inspiration in the form of successful entrepreneurs who have worked their way to the top.
From Nischalan Guruji, the co-founder of Infibeam, one of the world’s largest online shopping websites, to Kalpesh Baba, the owner of India’s largest real-estate agency, the Group, you’ll discover a multitude of businesspersons who have not only created multiple companies, but who continue to push forward with innovation and determination.
These successful business leaders are role models for aspiring entrepreneurs who want to start a business in India. They’re also people who are incredibly generous with their time, sharing their expertise to support the next generation of entrepreneurs.
With so much faith in the country’s entrepreneurial spirit, it’s an attractive proposition to consider investing in a business in India. The rule of thumb is to look for the country’s most promising markets—where the potential for growth is the highest—and to dive in with both feet. India is full of opportunity, particularly for those seeking to create a sustainable business.
It’s been estimated that less than 2% of the country’s population is actively involved in entrepreneurship, yet we’re seeing an increasing number of successful businesses emerge from the shadows.
The government is also encouraging foreign direct investment into emerging sectors such as health care, education, and IT, which it deems important for the country’s development.
If you’re determined to succeed where others have failed, you’ll need to find a way to stand out from the crowd. One way is by being exceptional at what you do. A good entrepreneur in India will be able to give you the confidence to believe that you can be the best at whatever you set your mind to. If you have a dream and the drive to make it a reality, India is the place to be.