In India, the Franchising community has never experienced a crisis like this, the immediate effects are apparent with the shutdown of pre-schools, K12 schools, food outlets, retail shops, salons.
Franchising makes for one of the most successful business stories across the world. In that respect, India has not lagged behind. It is now the second-largest franchise market, globally. Here is a comparative assessment of franchise markets in the world.
With India set to become the third-largest consumer market, consumer spending in India is expected to grow from USD 1.5 trillion at present to nearly USD 6 trillion by 2030. Here are the 10 most active franchise markets in India.
While South and West India lead with highest franchise employment and output growth, here is the list of top-10 states leading the franchise scenario in India.
Given the current economic downturn that is leading to an acute situation of rising unemployment, an increasing number of people are likely to turn to low-cost franchising opportunities
India is unique in terms of its large consumer base which is open to experiment with new ideas, thus proving to be a fertile ground for the franchising sector
Usually, when startups are mentioned, people think about unique, fresh, and innovative ideas rather than an established franchise. But experts believe that startups and franchise make a great combination.
Today, if anyone thinks of establishing or expanding a business, the first choice that comes to mind is franchising. What makes Franchising favourable? Let’s find out
