Streets of Mumbai in India
But India is after all a big country with a high demographic dividend, and after the epidemic, I analyze the following ten industries that will be very profitable in India.
Hyderabad (a city in southern India)
Insurance industry
After the outbreak of the new coronavirus in India, the people of India want good health coverage. The Prime Minister of India has also announced that every Indian citizen in the future must have health insurance. So, I think insurance industry will be a booming industry in India.
Tourism Intermediary Industry
During the epidemic, people in India were stuck in their homes for a long time, and when this epidemic is over, India's tourism industry should grow tremendously.
Though, at the moment the Indian tourism industry is one of the most affected industries in India at the moment. If the epidemic in India is not controlled, then tourism will be one of the industries that will suffer the most.
The Golden Temple, Amritsar (a city in northern India)
Online Education Industry
One of the hot markets for entrepreneurship in 2020 globally after the outbreak is the online education industry. There are many new online training companies starting up in India and they are doing well. After all, children's education is highly valued by parents in any country.
IT Services
During the epidemic, many companies in India will be working from home, so there will be a huge increase in the demand for software such as video conferencing, which will make some of the software problematic, so accordingly IT software services companies will have a chance to flourish.
Then again, the only thing that India is proud of is also their software sector. India is indeed strong in this field and is not to be underestimated. For example, Indus is the first software company in India's history to be listed in the US.
Infosys
Automobile Cleaning Service Industry
It is a low investment and high return business. It is a good option for some Indians who have lost their jobs due to the epidemic. Indians are still talented in helping people with gates, carrying bags for them, washing their cars and performing juggling acts, besides being talented in the software field.
Gatekeepers in India
During the epidemic, the cars of many rich Indians needed to be washed, which was a perfect opportunity to make money for poor Indians.
Social media market
During the epidemic, most Indians will stay at home and they will use social media apps, posting short videos or articles to express their grievances and share bits of their lives. This could spawn some social media companies or grow some of the already existing ones.
Indian couriers
For example, live webcasting of bandwagons, which is now very popular in China, might be replicated in India. After all, neither country's population is much smaller than the other!
Real estate agency industry
While India has a population of 1.3 billion, its area is 2.98 million square kilometers. Not a big area for such a large population.
The high density of the population, coupled with the increasing trend of rural to urban migration, makes property rental and property buying and selling in India an industry with huge potential.
Udaipur (place name in India)
Restaurant industry
Indians' eating habit is that they like to eat with their hands, and they will use chopsticks or forks for all food, except when they eat Chinese hot pot.
The habit of eating with one's hands in India may also be one of the major reasons for the rapid spread of the new coronavirus in the country. After all, many Indians cannot wash their hands in time.
Kitchen facilities in the homes of ordinary Indians are sometimes incomplete, so they rarely cook in their kitchens, and a lot of them will cook in the open air or just eat out. The aftermath of the epidemic may stimulate the Indian restaurant industry.
Indian food courts
Freelancers
Unemployment in India climbed dramatically after the epidemic. There will be a lot of freelancers created who will discover their potentials and develop them. Doing what they are good at doing as a business. But it's up to them to make more money.
Indian freelancers
However, most Indians are quite Buddhist and don't have a lot of ambition, they are good at resting on their laurels, and freelancing really fits the Indian character. They don't want to be rich, they just want to stay hungry, and sometimes that's the cute side of Indians.
Office Rental Industry
In the big cities of India like Mumbai Bangalore etc., the industries in these cities, among them the IT industry makes up a big percentage. They need some office space and they may move from office buildings with higher rent to office buildings with cheaper rent or vice versa.
So there is still a big demand for offices in big cities in India. After the epidemic, there might be a big growth.