The top 10 most profitable businesses in India

India has come a long way in the last decade, and the growth of its economy means that there are now many more businesses being started all over the country than ever before. 

However, not all business ideas are created equal, and some are certainly more profitable than others when you look at them from an investment perspective.

 So what are the top 10 most profitable businesses in India? In this article we’ll run through them in detail and find out!

#1 BFSI

India's banking and financial services industry has grown significantly over the past decade. 

The industry is expected to be worth $1 trillion by 2020. The top three players in the industry are State Bank of India, ICICI Bank, and HDFC Bank.

#2 Retail

Retail is the second-largest industry in the world, and is also the fastest growing. 

There are many ways to be involved with retail, but we'll focus on the two types of retail: brick-and-mortar and e-commerce. 

Brick-and-mortar retail has been around for a long time, and it's still an incredibly lucrative business to get into. The store sets up a physical space where goods are sold to customers.

#3 Healthcare

Healthcare is one of the fastest-growing industries, with a projected 9.7% growth rate by 2020. 

The healthcare industry is experiencing an aging population, a rising number of chronic diseases and injuries, increased incidence of obesity, and increasing demand for preventive care services. 

Indians are becoming increasingly aware of the need to stay healthy and maintain good health as they age.

#4 Services

Distribution and logistics services: 

Logistics is the backbone of any business. Transportation, storage, distribution and other aspects of logistics are critical for success in today's globalized environment. 

The sector employs more than 4 million people and its contribution to the GDP is around 10%. 

Services like warehousing, freight forwarding, trucking and transportation, ports & terminals management and air cargo handling also contribute significantly to this industry. 

Automobiles: 

One of the biggest industries in India is automobiles manufacturing. 

With an estimated annual revenue of over $30 billion this industry occupies a major chunk of both private investments as well as public investments in India's industrial development strategy.

#5 Transportation & Logistics

This industry is highly competitive because it involves transporting goods from one place to another.

However, this means that there is a high demand for companies with trucks and drivers, which can be utilized to create your own business.

There are more than 16 million registered vehicles in the country, and 99% of all goods are transported by road. 

This means that even if you don't have a truck or driver yourself, you can hire them and take advantage of this lucrative industry.

#6 Manufacturing

India is the second-largest producer of cotton in the world, and it also has a thriving textiles industry. 

The country's manufacturing sector is one of the largest employers, accounting for about 25% of all employment. Manufacturing accounts for 18% of GDP.

#7 Agriculture

Agriculture is an important part of the Indian economy. It provides more than two-thirds of the country's food and contributes about 15% to GDP. 

While it employs less than one-fifth of the population, over half the rural workforce depends on agriculture for their livelihood.

#8 IT/Software

IT/Software: There are a number of IT firms that are doing really well in the country. 

One such company is HCL, which has grown from strength to strength over the past few years. 

HCL Technologies Limited has a market cap of $14.8 billion and does $3 billion worth of business every year. 

Other IT companies that are hugely successful in India include TCS, Wipro and Infosys.

#9 Media & Entertainment

Media and entertainment are two of the most popular industries in India. They both combine to form one of the country's largest sources of revenue. 

The Indian media sector is diverse, spanning print, television and internet-based content. 

It has a huge consumer base - more than 300 million people watch TV every day, while over 200 million read a newspaper each day.

#10 Energy & Power

The Indian energy and power sector has been a major driving force for the country's economic growth and one of the key contributors to its GDP. 

The industry is also crucial to meeting the growing demands of Indian households, industries, and commercial establishments. 

This subsector is expected to grow at a CAGR of 9% during 2013-2020.