Business Idea: If you're considering starting a business and can't decide what to pursue, this news can help. We're going to tell you about a business idea that generates huge profits during the Diwali season. And if this business succeeds, you could earn a substantial profit.

While many businesses can be started during Diwali, the candle business can be a profitable one. The demand for colorful candles is increasing in today's market. They are used during Diwali. Candles are also used for birthday parties and other auspicious occasions. Therefore, you can start a candle business.

Candles are an essential decorative item. According to expert market research, global candle industry sales are projected to reach $10.87 billion by 2034. According to a Fortune Business Insights report, the luxury candle market is growing rapidly, with consumers increasingly seeking "high-quality lifestyle accessories" for both home decor and relaxation. Commercial use of candles is also increasing, with spas using them for aromatherapy and restaurants using them to create a relaxing atmosphere.

How much can you start a candle business?
The initial cost of a candle business in India varies significantly, from ₹15,000 for a small home setup to ₹1.5 lakh or more for a well-branded enterprise, and potentially much higher for large-scale commercial ventures. The total cost depends on factors such as the scale of operations, the quality of raw materials and equipment, location, branding, and legal requirements.

Basic equipment for starting a home-based candle business may be inexpensive, but professional or automated machinery for larger production will increase costs. The quality and quantity of wax, wicks, fragrances, and dyes directly impact the initial investment. A home-based candle-making business can be started for a minimum investment of ₹15,000 to ₹50,000.

You can take out a loan to start your business.

If you don't have the funds to start a business, you can also take out a loan through government schemes. One such scheme is the PM Mudra Loan Scheme. You can get a loan through this scheme and start your business.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.