Fast Growing Industries Those Furnish New Avenuest To StartUp
Also, get into an industry that most investors eye on. Let us discuss about few fast growing industry. Few sectors in India like mining, utility etc. were good in the past as they were growing at a steady pace. However, these sectors are slow downed to a major extent .On the other hand, few industries like technology, machine learning, renewable energy, electric vehicles etc are on the verge of the rapid growth. Get to know the best industries to venture.
Industries with Long Term Potential Information Technology
Nowadays mobile phones, social media, networking sites and others have opened wide gates for technology. Especially people’s craze for interesting games that are based on Virtual Reality and Augmented reality is making IT scale up to height. the field of Information Technology is not only limited to sharing information and using technology in doing it.
It is definitely much more than that. It is not just to communicate effectively to other people but to understand what they need and what they wish to have.
There are many factors that are boosting the growth of this industry like technological advancement, economic needs, the Indian government taking beneficial decisions(digital India) etc.
According to Statista India’s IT & ITeS industry grew to US$ 181 billion in 2018-19. Exports from the industry increased to US$ 137 billion in FY19 while domestic revenues(including hardware) advanced to US$ 44 billion.
Spending on Information Technology in India is expected to grow over 9 per cent to reach US$ 87.1 billion in 2018.
FMCG (Fast-moving consumer goods)
Though this sector is hit by the economic crisis and slowed down to a point right now, this sector will never die.
In the past few years, FMCG companies are growing in the Indian rural areas/villages. Earlier, people in rural areas do not like to use the products of FMCG companies. However, the trends are changing these days. Therefore, these companies have a very good growth opportunity in both in urban and rural areas as well. If you are looking for a safe industry to invest and establishing a startup, then FMCG industry is one of the best sectors for the long-term investment in India.
This industry will provide wider opportunities cause it strives to offer very important need of a person that is mindfulness, mental stability and fitness too…
“Wellness is one of the biggest industries in North America right now. Entrepreneurs can branch off into any and all directions that are relevant to what they want to do. You may start up as a personal trainer, open up a yoga studio, or create a nutrition product.” Deborah Sweeney, CEO, MyCorporation.com
Personal Financing, Food Tech, Hospitality, Automobile, Health, Transportation are few other industries that are expected to consistently grow for a longterm. Not just the few mentioned but there are several other industries which light-up the life of startups. Venturing into on-demand and futuristic market is the need of the hour to grow as a successful company in the future.
Irrespective Of Venturing Into Any Industry, Marketing The Brand Is The First Step To Grow The Business!
•marketing helps to create brand identity and portray the presence and excellence to the world.
•while the future of marketing may be moving towards digital, it still pays to incorporate other mediums into your strategy
•the marketing industry is also looking quite futuristic, with a number of marketing trends advancing the methods we use to communicate with our prospects
•successful startup requires that you have both a great product and great marketing