Business ideas

Top 5 Most Profitable Recession Proof Business Ideas to Start Becoming a Crorepati Now

Most Profitable Agribusiness Ideas

Profitable business ideas: Recent world events like the pandemic, the Russian-Ukrainian war, inflation rates have everyone wondering if we are heading for a global recession? Reports of job losses, economic slowdown, bank fraud and liquidity crisis are now making headlines. Some industries are more likely to suffer from economic changes, others will grow and prosper while the rest of the economy will suffer and contract. One of these industries is that ofAgriculture and related activities!”

Whether it is a pandemic or war situation, the demand for healthy and nutritious food will always remain constant. In this article, we have listed 5 profitable recession proof agribusiness ideas that have steady demand and can generate good returns.

5 most profitable agribusiness ideas:

Atta Chakki: Establishing an ‘Atta Chakki’ is a basic endeavor that can never be lost in a country like India where flour or Atta is used in all cuisines to make Rotis, Paranthas and even bakery products. On the contrary, this business will only thrive during the recession because people won’t eat out to save money. This makes it one of the best recession proof business ideas.

Flour mills can be set up in small or large scale (domestic flour mill, commercial flour mill, bakery/mini flour mill, roller mill) considering market demand and local requirements. Flour mills can be installed in both rural and urban areas. Check how start your own ‘atta chakki’ with full cost analysis inside

Fertilizer store business: As we established earlier, farming as a practice will continue even during the worst hit recessions, and for that, farmers will continue to need fertilizers, seeds and other agricultural inputs. The best part is that this is a low investment business idea related to agriculture. The fertilizer distribution business is controlled by the Indian government and you need a license for that! To verify what are the eligibility criteria and how do I apply for this license?

Poultry business: the poultry businessis a recession proof business idea. This business will bring you good profits if you have the idea and invest in the right item.

In the poultry sector, you can choose any of the poultry products like eggs, chicken, mutton, lamb meat or beef. Again, you need a good idea of ​​poultry farming and a good support system from veterinarians, delivery of items, and proper feed and nutrition for the animals you are raising.

Export of fruits and vegetables: In the current market scenario, export of fruits and vegetables is the fastest growing industry in India. This is mainly due to the increase in demand for frozen vegetable products all over the world. Due to the high demand for frozen vegetables, mushrooms and other similar products, there is plenty of room for a great export investment opportunity.Check out a complete guide toStart a profitable fruit and vegetable export business

Manufacture and distribution of spices:

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 also used in large numbers in western countries.

India is the largest producer, consumer and exporter of spices in the world, producing 75 of the 109 types listed by the International Organization for Standardization (ISO) and accounting for half of the global spice trade.

Hence, even at the time of recession, most countries look to India to meet their spice demands. Therefore, if you are looking for a low cost business to start, spice business is one of the best opportunities to consider.