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Trading businesses that are booming in 2019

  • Highlights

  • Growth in manufacturing is bolstering Indian trade

  • Trade in tools to support infrastructure companies

  • Trading in food grains promises profits this year

  • Provide parts to the rising domestic electronics industry

India is on its way to achieving over 8% GDP growth, making it a strong economy and a hub for manufacturing businesses. With the ‘Make in India’ push, India is ramping up its manufacturing potential and this has opened up a bigger market for traders. A boom in the textile, infrastructure, and the commodities market has given way to the need for raw materials and basic amenities. You can stay at the epicentre of this development by aiding the manufacturing and production sector as a wholesale or retail trader.

Take a look at some of the trading.

1.Infrastructure and construction tools

The infrastructure sector is a key driver for the growth of the Indian economy. This sector is gaining from the Government’s policies, and working towards creating world-class infrastructure in India. In fact, the FDI received for this sector from April 2000 to September 2017 amounts to $24.7 billion.

To propel infrastructure in the commercial, retail, residential, and hospitality sector, there is a growing demand for technologically advanced tools and equipment. You can capitalise this demand and work as a trader supplying equipment and tools needed for construction, such as concrete mixers, saws, drills and earth rammers.

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2. Food grains and pulses

India is set to achieve self-sufficiency in pulses in 2019, owing to a high kharif output and likely record rabi season production. While India’s import of pulses was around 5.7 million tonnes in 2017, and 5.8 million tonnes in 2016, this year, the numbers are likely to drop. This is because demand will be fulfilled using produce grown in India. This is a good reason for you to set up a business that trades pulses and food grains to the local market. It promises sizeable profits with nominal investment.

Logistics support, a good distribution network, and a warehouse space are what you need to get started. You can borrow funds through an affordable business loan to pay for these costs.

Additional Read: Tips on How to Make the Perfect Business Loan Pitch

3. Electrical and electronic spare parts

The average Indian’s dependency on electronic products and technology is increasing. Apart from rising disposable income, measures such as the rollout of 4G/LTE and Internet of Things is responsible for this. In fact, the Indian electronics and hardware industry is expected to reach US$ 130 billion by 2019. Also, domestic electronic production in 2016–17 was $49.5 billion, and exceeded imports by $6.5 billion. So, establishing yourself as a trader of electronic spare parts such as electronic plates, regulators, fuses, and circuits will put you on the path to success.

Trading in tools, raw materials, and services at competitive pricing will help you establish a trading business that is profitable. So, consider investing your time and money in these booming sectors.


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