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List of Profitable Business Ideas in Services Sector, Hospitality Sector,..

Saturday, March 10, 2018

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List of Profitable Business Ideas in Services Sector, Hospitality Sector, Education Sector, Healthcare Industry, Leisure and Entertainment Industry.

 

The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment. India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.

The services sector is the key driver of India’s economic growth. The sector contributed around 53.8 per cent of its Gross Value Added in 2016-17 and employed 28.6 per cent of the total population. Net services exports from India grew 14.6 per cent in the first half of 2017-18 and the sector attracted 60.7 per cent of India’s total FDI inflows.

The Reasons for the growth of the Services Sector contribution to the India GDP

The contribution of the Services Sector has increased very rapidly in the India GDP for many foreign consumers have shown interest in the country's service exports. This is due to the fact that India has a large pool of highly skilled, low cost, and educated workers in the country. This has made sure that the services that are available in the country are of the best quality. The foreign companies seeing this have started outsourcing their work to India specially in the area of business services which includes business process outsourcing and information technology services. This has given a major boost to the Services Sector in India, which in its turn has made the sector contribute more to the India GDP.

The Indian Information Technology (IT) sector has a large global presence, spanning 200 cities across 86 countries in the world and has been growing rapidly over the last few years. The size of the sector in 2015-16 was US$143 billion and the sector is expected to reach US$155 billion by 2017. The IT sector contributed 9.5% to the country’s GDP and more than 45% in total services exports in 2015-16.

Total revenues from the sector amounted to US$143 billion with majority of the revenues coming from exports.

Total value of exports stood at US$108 billion in 2016, with the export market growing at a CAGR of 13.5%. North America is the major destination for IT exports and generates 60% of the export revenue.

The software and hardware sectors attracted cumulative FDI inflows worth US$21.02. With 3.7 million people employed, the sector is a major contributor with respect to employment generation and is also the fourth largest urban employer of women, adding to gender parity and social progress.

Rapid digital transformation across industries, growing internet penetration, affordable new age technologies such as artificial intelligence, robotics, and virtual reality and rising demand for cost effective IT services in emerging economies are some of the key demand drivers for this sector.

The domestic IT market in India has a high growth potential driven by Digital India initiatives of the Government. There are also significant opportunities for the sector in terms of regional global expansion, given that Japan and China are the largest technology spenders in the Asia Pacific region.

Amusement parksare an integral part of the global leisure and entertainment industry. The industry can be broadly categorised into amusement parks, theme parks and water parks. The sector can also be broadly segmented on the basis of the catchment area that they cater to, along with the type and scale of activities they offer. Global amusement parks can also be classified on the basis of the concepts and themes around which a park/ offering is designed such as thrill & adventure, sports & edutainment, amongst a few.

Every year industry is seeing 15-20 percent growth in the sector – be it expansion of existing parks or the setting up of new ones. The Industry has been growing at a compounded annual growth rate (CAGR) of more than 17.5 percent with annual revenue of approx. INR 17 billion and estimated to grow to at least INR 40 billion by 2020.

The water park industry has shown continued growth in 2014 with increased numbers of indoor and outdoor water parks being developed throughout the United States and Canada. Our projections for 2015 show a number of new openings will occur throughout North America, which will boost the supply of water parks and increase revenues for this growing industry.

The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country.

India is expected to move up five spots to be ranked among the top five business travel market globally by 2030, as business travel spending in the country is expected to treble until 2030 from US$ 30 billion in 2015.

International hotel chains will likely increase their expansion and investment plans in India, and are expected to account for 50 per cent share in the Indian hospitality industry by 2022, from the current 44 per cent.

The hospital services’ market represents one of the most lucrative segments of the Indian healthcare industry. Various factors, such as increasing prevalence of diseases, improving affordability, and rising penetration of health insurance are fuelling the growth in the Indian hospital industry. Several private players are also entering the sector with new plans of establishing hospitals and health centers around the country. On the back of continuously rising demand, the hospital services industry is expected to be worth US$ 81.2 Billion by 2015.

Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. The Indian healthcare market is expanding rapidly. The Indian healthcare industry amounted to $110 billion in 2016 and is expected to reach $280 billion by 2020 due to increased demand for specialized and quality healthcare facilities. Health care has become one of India's largest sectors both in terms of revenue and employment. The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well private players.

Service sector is the lifeline for the social economic growth of a country. It is today the largest and fastest growing sector globally contributing more to the global output and employing more people than any other sector.

The real reason for the growth of the service sector is due to the increase in urbanization, privatization and more demand for intermediate and final consumer services. Availability of quality services is vital for the well being of the economy.

In advanced economies the growth in the primary and secondary sectors are directly dependent on the growth of services like banking, insurance, trade, commerce, entertainment etc.

In alignment with the global trends, Indian service sector has witnessed a major boom and is one of the major contributors to both employment and national income in recent times. The activities under the purview of the service sector are quite diverse. Trading, transportation and communication, financial, real estate and business services, community, social and personal services come within the gambit of the service industry.

One of the key service industry in India would be health and education. They are vital for the country’s economic stability. A robust healthcare system helps to create a strong and diligent human capital, who in turn can contribute productively to the nation’s growth.

 

Here are few Projects for Startup:

NATURE CARE CENTRE

God makes the universe in which world is one place. Where human beings other animals and plant kingdoms are lived. In this world God has created so fine things and relations where everybody is attached with other without any plants or animal. Read more

COMMERCIAL MARKET

Market is a place, from where we can purchase everything of our daily use. The things we purchase from market a mainly of two types (i) consumable and (ii) Durable. In a commercial market, the building is made only for making of shops and offices. Read more

GAMES PARLOUR

There is human society being developed from since immemorial by the way of gather food, shelter and safety. When human being are built up society due to progress of civilization. Due to progress of civilization. There is need of development recreations, to transfer the view of one man to another, by this way formation of society. Read more

ONLINE SHOPPING MALL

With an explosion of new web sites, almost anything for sale in shopping mall can be bought on internet at a faster speed and cheaper price. The speed, convenience and immediacy of e-commerce technology, coupled with entertaining shopping experience created on net, make shopping on line a thrilling experience. Read more

OLD AGE HOME ORPHAN CHILDREN HALL AND DHARAM SHALA

Old age home is an establishment where retired persons as well as old man can stay safely and happily. Though this old age home will be a business center in one way, but it is also a special service in other way. The home should have a very good governing body that can control the working atmosphere of the office and the members of the home. Read more

HOLIDAY RESORT

India is a booming hospitality market, yet it has minuscule contribution to the timeshare business model existing worldwide. USA alone comprises two-thirds of the global market. Though vacation ownership has been growing at a CAGR of 20 per cent for the last three-four years, Read more

NURSERY SCHOOL

A nursery school is a school for children between the ages of three and five, staffed by qualified teachers and other professionals who encourage and supervise educational play rather than simply providing childcare. It is generally considered part of early childhood education. Read more

CANCER HOSPITAL (TREATMENT & RESEARCH INSTITUTE)

The word "Cancer" is widely associated with impending death amongst a large number of people. This is understandable as Cancer is a killer disease. According to the W.H.O., globally one out of three women and one out of four men are likely to get cancer in their lifetime. Read more

PHARMACY COLLEGE (B-PHARMA & D-PHARMA)

There is need of pharmaceutical college in India for the development of country and give the better opportunity to the general merit. Now-a-days highering of technology and running of administration is the main tool of the Indian industries as well as in the educational systems. Read more

THREE STAR HOTEL

India offers myriad exciting experiences to tourists. The country boasts of the world's highest mountains, miles of coastline with excellent beaches, tropical forests and wildlife, lagoon backwaters, ancient monuments and World Heritage sites, forts and palaces, and of course, the Taj Mahal. Read more

MANAGEMENT COLLEGE (BBA, BCA, MBA, MCA)

In modern times of unpsurging business network in regard to novel business strategies being implemented, Management College occupies a conspicuous rich, and its significance cannot be underestimated. The basic aim of Management College is to enlist a student for more effective Read more

TRADING BUSINESS (IMPORT AND EXPORT- MERCHANT)

International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy .The economy of India is the fourth largest in the world with a GDP. Growth in the Indian economy has steadily increased since 1979. Indian economy has posted an excellent average GDP growth. Read more

HOTEL

Hotel industry totally depends on the growth of the tourism as well as proper import and export growth of the country. If there are good countries associated in the territory of the region, there will be good scope for business transaction, hence there will be good scope for hotel industries due to the visits of the executives of different countries. Read more

POLYTECHNIC COLLEGE (TECHNICAL EDUCATION INSTITUTION)

Technical Education plays a vital role in human resource development of the country by creating skilled manpower, enhancing industrial productivity and improving the quality of life. The technical education system in the country can be broadly classified into three categories Central Government funded institutions, Read more

MARINE ENGINEERING COLLEGE

The direction in which education starts a man will determine his future life. A good degree course module recognize the wisdom in what was stated by the great philosopher hundreds of year ago. Marine Engineering is a branch of Engineering that deals with nautical Architecture and Science. Read more

HOSPITAL (30 BEDS)

The growth in the health care services in the country is primarily driven by the 350 million strong middle class people aspiring for quality health care services, thus increasing international confidence on India as a potential, high quality and low cost medical tourism destination. Read more

BANQUET HALL

Indian traditions are so rich and our emotional standards are so high that most of the ceremonies/functions become simply a monument of show-off and extravagance. Banquet halls are within the reach of almost every strata of people. Moreover, the style of functioning of these banquet halls suits every Indian as well as foreigners. Read more

RESIDENTIAL APARTMENT

Residential Apartment is a part of housing, which has encouraging scope or development. House is a very complex term. A building or part of building having a separate main entrance from the road or common courtyard or stair case etc. used or recognized as a separate unit. Read more

DENTAL COLLEGE

Dental education occupies a place of pride in the field of medical studies. The basic aim of the dental colleges is to provide health-oriented courses that emphasize the prevention of oral diseases. In a human body mouth is considered to be the mirror dental health being intimately related is part and parcel of the general health and wellbeing of an individual. Read more

GOLF COURSE

Golf is quite a respectable and expensive game. Participants of golf course are considered as regardable and honourable people of the society. Golf courses requires a large area of Land for playing the game as well as to accommodate the other amenities required for the participants. Read more

SCHOOL (RESIDENTIAL)

Compulsory state education begins at 5 years but permissive legislation allows local education authorities to build also for children of 3 to 5 years, either in separate building or in nursery groups attached to primary school. The compulsory school age is 5 years to 16 years and the sizes of classes are to be reduced from 50 to 40 children in primary school, Read more

AUTOMOBILE WORKSHOP, GARAGE AND SERVICE CENTRE

A limited nos. of manufacturers of various types of automobiles vehicles in India. More & more enterprises are coming up with something designs, research and development consequently more no. of vehicles are produced. The inspection/survey indicates, that future of service stations/workshop centre for automobile have a tremendous scope. Read more

GREENHOUSE (PLANT MICROPROPAGATION)

Green houses are frequently used to control or modify the exciting environmental factor, which effects the plant growth. A green house is a structure covered with transparent material that utilizes solar radiant energy to grow plants. The majority of green houses have heating, ventilating and cooling equipment for temperature control. Read more

AMUSEMENT PARK

The human life in cities is becoming more and more mechanical because of noise pollution, environments pollution, increasing vehicular traffic and growing industrialization. To ease some of the tension of this monotonous life, people crave for relaxed and peaceful environment, where leisure along with children and family. Read more

CYBER CAFE (INTERNET BROWSING CENTRE)

A cyber cafe is a café that has a number of personal computers connected to the Internet and available for use by customers. Cyber café are also called Internet Browsing Centre, Internet Kiosks, Internet Browsing Club, Internet Hub, Chat Centre and so on. Read more

SAFARI PARK

A safari park, sometimes known as a wildlife park is a zoo like commercial tourist attraction where visitor’s car drive in their own vehicles or ride in vehicle provided by the facility to observe freely roaming animals. Safari is trip on land usually in jungle or savanna environment which is engaged in for the purpose of viewing or hunting animals. Read more

RESTAURANT (WITH MICRO BREWERY)

A restaurant is simply a place to have food outside your home. It is smaller in size than a hotel as it does not have accommodation facilities. It is an establishment that serves the customers with prepared food and beverages to order, to be consumed on the premises. The term covers a multiplicity of venues and a diversity of styles of cuisine. Read more

FOOD PARK

Food Parks are comprehensive industrial estates for food processing units where the industries would have provision of common facilities like cold storage, cold chain, effluent treatment plant, warehousing power connection, water facilities, sewerage etc. Read more

FIVE STAR HOTEL

The hotel industry is an important component of tourism industry. Its foreign exchange earning capacity is also high. The irritation of economic reforms in this country gave a boost to the hotel industry. The demand for rooms in hotels by foreign businessmen has increased sharly. Read more

FAST FOOD CENTER (RESTAURANT) WITH KIDS PLAZA

India is one of the most populations growing country of the world. Urgent need of human beings is food and dress. Now a day there is a scarcity of living place as well as open playground for children. Making of kids entertainment center with food center is one of the ways to fulfill the society’s need. Read more

HOLIDAY RESORT & ENTERTAINMENT CENTRE

There is rapid urbanisation cause of exploitation of nature. Due to exploitation of nature pollution will be increase and thus healthy human life has been suffered to want of clean air. Now in most of the town of the world has been full of dirty air, which causes of chronic diseases. The beauty of greenery has gone up. Read more

AMUSEMENT PARK CUM WATER PARK

The human life in cities is becoming more and more mechanical because of noise pollution, environment pollution. For relaxed and peaceful environment, leisure and entertainment is required to children and family. There are various sources of entertainment like cinema, circus, tourist spots, videogame, orchestra etc. Read more

ENTERTAINMENT CLUB, 4 STAR HOTEL, AMUSEMENT PARK CUM WATER PARK, AND LAKE FOR BOATING

Holiday resort business is very flourishing business these days not only in India but it has brilliant prospects in foreign countries also. The place which was usually for the let out to travelers was taken as and the keeper, in accordance with the existing laws of the land, was obliged for providing shelter and food to those willing to pay price. Read more

WATER PARK

In ancient India, there was large use of water in the Tapovana, and different Ashrams in the forests. Elephanta caves in the Maharashtra can be considered as Water Park. Now the water park is the good idea of amusement. It is very good assets created by human being to enjoy the natural scenery artificially, Read more

INFORMATION TECHNOLOGY (IT) PARK

IT park is basically construction unit which will be used by MNCs technical men or business men for the development of technology based on computer related products, telecommunication products, robotic products etc. This park fundamentally divided in four parts basic, IT industries and IT enabled services, Read more

MEDICAL DIAGNOSTIC CENTRE

Modern diagnostic centre provides a wide scope for detection of ailments and afford facilities for a detailed medical check-up through diagnostic procedures. To accomplish this objective a modern diagnostic centre should be well equipped with most modern instruments. Read more

SUPER SPECIALITY HOSPITAL

The Indian healthcare industry is divided into two segments - services and manufacturing. While the manufacturing segment consists of medical equipment manufacturing industry and pharma production, the services segment is basically split into direct services and indirect services. Read more

SATELLITE BROADCASTING TV CHANNEL

The Indian television business is packed with contra dictions as of October 1999. On the one hand, it has some 70 million television homes, giving a viewing population of close to 400 million individuals. They have a gaggle-bag of 100 plus channels to choose from, but on the other hand, Read more

DTP, E-MAIL, INTERNET AND LEASED ACCESS FOR COMMERCIAL PURPOSE

Evolution of cheap and powerful microcomputers, development of comprehensive and word processing and page planning software and availability of near letter quality laser printers with ability to mix various styles and graphics, have made concept of Desk top publishing reality. Over the last few years, Read more

DRY CLEANING AND LAUNDRY UNIT

Cleaning requirement is everywhere in the world. Cleanness is the source of beauty. Laundry unit is one of the unit where dirty clothes are cleaned. Majority of people wants to clean their clothes through machines only. Dry cleaning has done by using special type of solvents like kerosene and petrol. Read more

POWER LAUNDRY

There is cleaning requirement everywhere. Cleanliness is the sources of beauty and also the placement of God. If we wear dirty clothes no one wants to talk with us, in such cases laundry unit is one of the unit by which dirty clothes are cleaned by operations because if our clothes are clean everyone wants to talk with us. Read more

 

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