The ideas for franchises to start in India have been growing at a steady rate in recent years.
According to the Franchise Association of India, the Indian franchise industry was valued at INR 4,000 crores (approx. $550 million) in 2016 and is expected to reach INR 9,000 crores (approx. $3.2 billion) by 2025.
According to the Indian Brand Equity Foundation, the Indian franchise industry is expected to grow at a CAGR of around 30% during 2020-2025.
Franchises to start in India in 2023
Food and beverage franchises: In India, the beverage and food franchise industry in India follows, as Indians enjoy eating and live to eat. If you want to franchise in a small town, this is a growing market in India that caters to a variety of brands.
Food and beverage franchises to start in India in 2023 are McDonald’s, KFC, Shake Shook Café, Subway, and Domino’s Pizza, which are popular choices in India.
Retail franchises:
Fashion trends and wearing fashionable products not only hold their good image but also provides quality and comfort to customers.
The best retail franchise to start in India in 2023 are Manyavar Retail, Max Retail, Raymond Retail, and Biba Retail as Shoppers Stop, Bata, and Reliance Retail are also popular in India.
Automotive Franchise:
This is a long-running franchise business in India. Simply put, these are motor vehicle franchise companies in India that sell automobiles. Large numbers of vehicles are purchased each year, so there are endless possibilities for a franchise business in this sector.
Automotive franchises to start in India in 2023 are Mahindra First Choice Franchise, CarzSpa Franchise, and Hero Moto Corp Franchise.
Healthcare franchises:
The healthcare and diagnostic center franchise business in India is thriving, particularly in areas and communities with a younger population.
Healthcare franchises to start in India are Batra’s, Thyrocare, Redcliffe Lab, Lifespan Clinic, Apollo, and Dr. Batra’s Positive Health Clinic.
Fitness and wellness franchises:
India has become a city in which more people recognize the value of self-love and treating themselves. This has grown the number of wellness and beauty franchises in India
Fitness franchises to start in India in 2023 areas Gold’s Gym, Lakme Salon, Loreal Salon, Toni & Guy Salon, and VLCC
Also read: https://bizemag.com/start-ups-that-laid-off-employees-within-a-few-weeks-of-2023/
https://www.nerdwallet.com/article/small-business/advantages-of-franchising
