Top 20 Future Business Ideas For 2024 In India (Low Cost)

The best business ideas are born at the intersection of passion, Big Dreams, Skill, Thinking, strategic work, and timing.

I want to ask you, how can you start a business and stand out in the Toughest Competition? So, It is not a bad idea to start a Futuristic Business. 

In the event that you want to start 2024 with a push, especially with your financial situation, at that time, you should consider investing in a profitable business that can help you to increase the number of Bank Accounts and leave you from the rat race.

In this article, I will cover the Best Future business ideas in 2024 to help you start brainstorming your next entrepreneurial venture.

So, if you are hoping to get position yourself as a Businessman or Businesswoman for Business Opportunity in India. Then, you land in the right place.

Whether you want to start your own business or Invest in that Business, this guide will be very much helpful for you.

Let’s get started.

Future Business Ideas List

 1. IOT (Internet of Things) Industry

IoT means the Internet of Things. It works like that every item that people are using has a web network for receiving and sending information. From Agriculture to Car Parking, everywhere, IoT device is working.

McKinsey estimates that the IoT is expected to grow and impact the economy by 11.1 trillion by 2025.

The best example of this is the Ola or Uber or lift taxi administration where you get a one-minute ride. Weather reports are being integrated with the web to surpass administration through web advances in innovative fields which make this business extremely successful. In addition, you can control your TV, Electric Supply, Water System, and every electronics device by the web through an IoT device. 

It is a new business concept that has a bright future for the upcoming year.

2. 3D Printing

People are moving to more entrainment content which gives them more surprising, amazing content. 3D and Metaverse is the technology that is already working on it.

3D Printing is the best business to start in India in 2024. It has been acclaimed all over the world in recent years.

Basically, 3D Printers and all essential parts were very expensive and not reasonable for normal people. But, over time, the cos has gradually down and this printer is now very much within reach.

The cost of a 3D printer depends on the specials and highlights you need. All you need to do is buy a set of hardware for the store and start your new venture.

3. Outsourcing Business

According to a World Economic Forum report, The outsourcing business will explode in the next decade. The workplace is changing. In fact, Forbes Magazine has published a report that half the population in the United States, Australia, and Canada are autonomous, yet they need representatives to work for them.

By the way, are thinking, there are no local workers for work.

Hmm, Basically, They have a list of local workers, but, it is cost-effective and they can not great benefits from them. That is why, to reduce the startup cost, Foreign businesses are taking outsourcing initiatives to individuals in Agriculture and Mass population countries. India and China are real examples of it.

At the same time, people in agricultural countries, especially India, the Philippines, and many more, are earning a substantial income from independent businesses. Individuals are offering virtual administration on the web and expanding their business step by step, which means that outsourcing business is really going to be the best future business idea for 2024 in India if you work strategically.

4. Interior Designer

Over the years in India or other countries, people have become more fond of every little detail of their home design. An individual who can design and execute in their home. That’s why There is always a need for interior designers who can create visually pleasing and functional living spaces.

Also, people who hire interior designers are usually at the top of the income bracket. So, That, you can make a huge amount of profit. There are plenty of opportunities to get into corporate interior design, where big businesses like hotel lobbies, corporate offices, resorts, and more pay you.

5. Renewable and Clean Energy Supplies

The world is moving much faster than expected, yet we are facing a lot of energy problems. Coal is a little distance away from its finish line.

Some Asian countries still rely heavily on conventional energy springs, such as coal power plants, petroleum products, and nuclear or hydropower, made from sources that should be risky in our current situation.

At the same time, there is a strong emphasis on sustainable energy sources through which climate can be saved. This is a great door opener for those who want to start a business on a medium scale. 

Renewable energy is one of the green and clean business ideas that you can jump into in 2024. This is a standout among other future business ideas not for India but also for all over the world.

6. Rise of Co-working Space

Future service office trends will change. Due to the high rental costs, electricity Bill, and many more other factors,  it is difficult for upcoming entrepreneurs and startups to afford separate office space. So people are settling down to work in collaborative places.

Co-working space encourages them to reduce rental costs, while still sharing skills and abilities. If you have free space, start a Co-working space business. It does not only give profit without any pressure but also help small business to run their business. This is another business idea of ​​the future.

7. Creating And Selling Digital Products

Now, it is the era of this, Internet, Online, Digital.

Internet is the place where you make and offer your digital products to a group of people. Generally data products or self-facilitated programming. You can make the item such are Course, Service, and offer it to the client for a one-time charge, or in Monthly installments or whatever legal payment format you want.

For example, eBook, you can simply compose your own book and sell it. Ebook is now trending. In addition, you can make an online Course, Apps, and sell them in a Marketplace like Facebook Marketplace, Udemy, etc.  

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8. Mobile Wallet Payment Solution

Money laundering, Scam, Fraud is common issue on the Internet.

With the rapid advancement of technology in the mobile world, individuals are no longer in favor of managing exchanges, be it payments, purchases, or transfer of money or assets. They are looking for a mobile payment solution that is reliable, secure, and secure.

Though, This business concept would require a fair measure of initial capital and require skilled people. Hacking and cybercrime and extortion are two things that make this venture deeply dangerous.

9. Warehouse or Inventory Management for E-Commerce

E-commerce and online shopping have been booming for the last 2 years in India. And, for that, the use of Warehouses is more demanded to store goods.

The warehouse management company will provide e-commerce stores and it is a good future business idea for 2024 in India.

Instead of an e-commerce store, setting up its circulation channels, and buying fleet trucks and warehouses to store products, the company will do just that for them. 

Probably, This is a large-scale business idea that will make a ton of money. By the way, If you want to improve your e-commerce operations, you should consider using online accounting software. This type of software is specifically designed to assist e-commerce and marketplace vendors in managing their warehouses and inventory. It allows you to easily keep track of the goods you sell, handles returns and damages, and efficiently manage your warehouse space.

10. Amazon FBA Program – Phone Case Business

The Full Form of the FBA is Fulfilled by Amazon.

Mainly here, you buy moderate items from wholesalers and sell them at higher prices on Amazon.com through Amazon FBA Programme.

You should handle white-named items and take them to Amazon Satisfaction Focus where they handle shipping, bundling, and backing for items.

In the event you can re-equip the stock administration and have an accountant to keep it up while constantly refreshing your Amazon seller account, it is an exceptionally valuable source of automated revenue.

For example, Phone Case Business

Since almost everyone has a smartphone, smartphone cases are one of the best-selling mobile phone accessories. 

You can start by testing your phone case ideas with the Amazon FBA before creating a complete website.

When designing your case, go for unique designs for specific audiences. All You need to be creative and innovative to create a collection of smartphone cases that your audience will purchase.

11. Indian Culture E-Commerce Niche Store

Many people around the world appreciate Indian culture. They like to decorate their house with pieces of authentic craftsmanship reflecting Indian Traditional culture.

By setting up an e-commerce store that specially sells these decorating social items for houses, you can start an innovative for-profit venture. This will be really one of the good future business ideas for 2024 in India.

12. Bookkeeping

There will always be some people, startups, and Independent enterprises who need help with their personal and business finances. If you are an accountant, starting your own accounting or accounting business is a great option.

 Whether you are a licensed CPA or a smartbook wizard of accounting and accounting, you can very well meet all the requirements to help your fellow entrepreneurs get their books together.

Financial matters can be worked remotely and many people are willing to pay high rates, making it a very profitable small business. It is a rather low-cost, home business that most accountants are already qualified to run.

Bookkeeping as a business accounts for about 19.8% of net income and is a long-lasting profitable business for entrepreneurs. 

13. DDOS Cyber Attack Prevention Security Company

Nowadays, there is a lot of websites are made and with it, there are a lot of hacking attacks initiated. DDOS attacks are one of them. 

When Hackers initiated lots of bot traffic to a website and crash the website server, it is called a DDOS attack.

DDOS attacks are becoming a common threat to some businesses in India. 

To solve this problem, you can make an organization of Cyber Security Expert and make DDOS Cyber-Attack Prevention Security Company. The main motto of the business is to detect attacks and prevent them from happening in any case.

14. Skyscraper Greenhouses

It is too difficult to find free Agri land in India for the growth of the population. Skyscraper Greenhouses is one kind of way to create fresh vegetables and organic products for the community in a conscious and sustainable manner.

A vertical greenhouse like a skyscraper with multiple layers of different leafy foods can develop even higher yields. This is a significant expense because the structure must be enabled with sensors such as screen temperature, magnetism, etc. Basically, it is an artificial way to maintain the atmosphere. 

15. Biometric Sensor Company

A biometric sensor is a sensor that can detect your retina or your fingerprints specifically to identify a person.

The growing security of Internet of Things (IoT) technology and the growing need for support from the Indian government will not take long until people install biometric sensors on everything.

The business idea for selling sensors, scanners to companies that introduce full service and products.

This business can be deeply rewarding as companies around the world will probably work with you because they use more biometric sensors and this is just the tip of the iceberg. 

16. P2P Lending

P2P lending is a decent business model because it can help the community and individuals with credit. Not everyone needs or can access a bank for credit, and their P2P lending is a great choice for those people.

To get a higher interest rate, investors may want to deposit funds for credits.

You can start this business by creating a safe and secure stage where people can invest their money and a way for users to create profiles with accurate credit scores.

17. Blogging

Blogging is one of the most lucrative businesses in 2024 when you start a low-cost online business. Many bloggers are earning more than 6x or 7x per month from blogging from working at home.

When you start a low-cost online business, probably you are telling one of three things:

• Your time (coaching or advice).
• Your own product (eCommerce or SaaS).
• Someone else’s product 

With a blog, you can sell anything from a website(if you have good traffic) and make the most money from any of the low-cost business ideas out there.

So how can you start a blog?

The simple and Forward answer is, There are lots of Tutorials on Youtube and blog posts on Google, you can learn from there. If you see, it is too difficult to set up a blog for you, You can hire Freelance Website Developer by paying a little one.

18. Buy and Sell Domain Name

Nowadays, domain and hosting have become the real estate of the internet world. Many people are working on this Domain buying and Selling Business. Basically, it works, if you have the opportunity to purchase a decent brandable .com domain name, you must pay a premium for it.

If you are thinking of going into the business of selling domains, you need to focus on the most recent patterns of surveillance. If you do not consider the market and see where the buzz is, you may miss the long way.

Trading domains are a strategy that is almost as old as the Internet. The Insure.com domain name was purchased in 2009 for $16 million. Although older, more valuable domains are mainly taken, if you are lucky and get a trending domain name, you can flip it for extra money.

However, the long-term effectiveness of this business is controversial. So, it is better not to go full-time with this idea. This Investopedia article explains more about domain trading.

19. Stock Market Trading

Nowadays, the Stock Market trading in India on one hand. No need to visit Stock Exchange such that BSE or NSE. you can start stock market trading on your Smartphone, through some broker companies like Groww, Angel Broking, Zerodha, and many more.

If you have knowledge of the Stock Market and goods and trading, you can easily make a decent profit. However, this business needs heavy initial investment.

20. Cryptocurrency Trading

Cryptocurrency trading is the act of estimating the value of a cryptocurrency or buying and selling underlying coins through an exchange. 

Like Stock Market trading, if you have good skills in Trading, you can also take trade-in Cryptocurrency. Though Cryptocurrency Market is very volatile, if you have good knowledge to find good coins and skills have trade, you can get a huge amount of profit from here.

Some Best Cryptocurrency exchanges are CoinDCX (Indian Unicorn company), Wazirx, Coinswitch, Binance, etc.

FAQs on Future Business Ideas

Now it’s your turn

All of the future business ideas mentioned above can help you to make your own unique Brand in the Competition market and make a decent income with low startup costs.

All of the above business options have a lot of potentials. Some business ideas may sound ridiculous now but you can’t ignore them because time will tell the fate of this company. And, some business ideas may be very easy for you to stand in. However, on both sides, You need to invest your time, energy, and money in this business thinking to secure your future.

Now, I’d like to know from you:

Have you missed any of your best business ideas? 

Let me know in the comments below Right Now.