Published on 24 Nov 2023 on Insider Monkey via Yahoo Finance
25 Most Profitable Businesses With Least Investment in India
In this article, we will take a look at the 25 most profitable businesses with least investment in India. If you want to skip our detailed analysis, you can go directly to 5 Most Profitable Businesses With Least Investment in India.
The Growing Indian Economy: At a Glance
According to the World Bank, India is one of the fastest-growing countries in the world. The country is expected to reach a high middle-income position by 2047. India's real GDP bounced back stronger after the effects of COVID-19 during the fiscal year 2021 subsided. For the fiscal year 2022 to 2023, India's real GDP expanded at an estimated 6.9%. Such was particularly due to the rising domestic demand supported by the increasing investment in government initiatives. However, Q3 fiscal year 22/23 suggests a slowdown in overall growth coupled with inflationary pressures and tightening financial conditions, which may ultimately weigh on the country's economic position in fiscal year 23/24. As the report suggests, Real GDP in India may fall to 6.3% in fiscal year 23/24 from the estimated 6.9% in FY 22/23.