Profitable Business Ideas: Recent world events like the Pandemic, Russia-Ukraine War, Inflation rates have everyone questioning whether we are inching towards a Global Recession? The reports of job losses, economic slowdown, bank frauds, and liquidity crisis are now the talk of the town. Some industries are more susceptible to suffer as a result of economic changes some others will expand and do well while the rest of the economy suffers and contracts. One such industry is that of “Agriculture & Allied Activities!”
Be it a Pandemic or a War situation, the demand for healthy & nutritious food will always remain constant. In this article, we have listed down 5 Profitable Recession Proof Agribusiness Ideas that have a steady demand & can yield good returns.
5 Most Profitable Agribusiness Ideas:
Atta Chakki: Establishing an ‘Atta Chakki’ is a basic business that can never go in a loss in a country like India where Flour or Atta is used in every kitchen to make Rotis, Paranthas & even bakery items. If anything, this business will only flourish during the recession as people will not eat outside in order to save money. This makes it one of the best recession-proof business ideas.
Flour mills can be set up at small to large scales (domestic flour mill, commercial flour mill, bakery/mini flour mill, roller flour mill) keeping in view the market demand and local requirements. Flour Mills can be set up in both Rural & Urban Areas. Check how to start your own ‘atta chakki’ along with complete cost analysis inside
Fertilizer Shop Business: As we have established earlier, Agriculture as a practice will continue even during the worst-hit recessions, and for that the farmers will continue to need fertilizers, seeds & other agricultural inputs. The best part is that this a low investment business idea related to agriculture. The fertilizer distribution business is controlled by the government in India and you need a license for this! Check what is the Eligibility criteria & How can apply for this license?
Poultry Business: The poultry business is a recession-proof business idea. This business will fetch you good profits if you have the idea and invest in the correct item.
In the poultry business, you can choose any of the poultry items like eggs, chicken, mutton, lamb meat, or beef. Here again, you need a good idea of poultry farming and a good support system of vets, delivery of items, and proper food and nutrition of the animal(s) you are raising.
Fruit & Vegetable Export: In the current market scenario, fruits & vegetable export is the fastest growing industry in India. This is mainly due to the increase in demand for frozen vegetable products all over the globe. Due to the high demand for frozen vegetables, mushrooms & other similar products, there is a lot of scope for a large investment opportunity in exports. Check a Complete Guide to Start Profitable Fruit & Vegetable Exports Business
Spices Manufacturing & Distribution:
A wide range of spices can be found in India. The therapeutic or health benefits of spices are now so widely known that traditional Indian spices such as turmeric, kesar, cinnamon, and others are being used in great numbers in western countries as well.
India is the world’s greatest spice grower, consumer, and exporter, producing 75 of the 109 kinds listed by the International Organization for Standardization (ISO) and accounting for half of worldwide spice trade.
Therefore, even at the time of recession, most of the countries will be looking up to India to meet their spices demands. As a result, if you’re looking for a low-cost business to start, dealing in spices is one of the greatest possibilities to consider.