THESE SECTORS WILL CREATE YOU WEALTH EVEN IN COVID -19

The pandemic of covid 19 has hit the World Economy badly and almost all the economists around the nation are expecting a "Recession" very soon which is going to last for some time.

Even amidst this staggering situation,            " A LIST OF COMPANIES HAVE MANAGED TO PERFORM WELL AND WILL CONTINUE DOING SO POST THE CORONA VIRUS PERIOD"

Without further delay, here's the list (with explanation, no hits in the air)

1. E-COMMERCE : The e-commerce sector will has already seen a major growth during the lockdowns as everyone (almost!!) were locked inside their houses with almost no or very less acess to he shopping in the markets and malls. 

The lockdown was essential and so was people's purchases of day to day items in order to survive.

People who might have never used ecommerce sites, due to their inability to check it with their hands while buying and lack of satisfaction one derives from bargaining prices, also saw it as a safer alternative to physical shopping. 

This will continue as long as the pandemic is on, after it is over, people will continue buying from these ecommerce sites  because of the habit they have generated in the corona period.

2. INSURANCE : People, especially from India were forever reluctant to purchase a life insurance for themselves. 

They had to buy an insurance for their vehicles because its mandatory, as if their vehicles were more important than their life.

Before this global problem, life insurance was considered "a waste of money".

Now, however, things have changed. People's outlook towards life have taken a turn. They want themselves to get insured, medical insurances and life insurances, to keep themselves safe of  "this horrible disease ".

When the customers showed such great enthusiasm, insurance companies also took a step ahead by launching insurances only focussed on "CORONA VIRUS".

This massive step helped the industry to establish and prosper and it will continue even after corona because people will have the fear in their minds of not knowing 

"what may happen in future??"

3. FMCG (FAST MOVING CONSUMER GOODS) : During the sudden announcement of the lockdown, sale of fmcg goods increased like wildfire. People were not aware of the time period for which the nation will be shut down and would be prevented from transactions, and therefore, they piled these goods in numbers and stocked them.

The industry even saw growth when people started purchasing goods from the fmcg sector like honey, chawanprash, green tea etc in fear of getting covid positive and increasing immunity.

The marketing and advertisements carried out by the fmcg companies and aggressive promotional activities play a major role in increasing the sales which will continue forever as it will become a habit of people in the long run.

4. IT : One thing should be cleared in people's minds forever, the IT industry is one of India's major industries and it almost never has faced any setbacks except in the current situation. 

The reason is not the covid effect on this industry as all of its employees could work from home, its that the biggest importer of IT services from India, The United States of America, has reduced its imports in short which has affected the sector a bit.

However, this was the case before and things are coming in line and will continue its providing its services and booming their respective companies. 

5. PHARMACEUTICALS AND DRUGS : The pharma sector, those which will succeed in making the corona vaccines will surely boom for sometime, investors can invest in the sector for 1 -2 years. 

Other sources of increasing growth will be of the companies producing drugs which increases immunity and masksand sanitizers will also increase their sales for sure.

One should keep in mind that complete analysis of stocks is important before investments in whichever sector.

While making any investment decision, just be sure that you have complete faith in the fundamentals of the company and it will pay you in the long run.

DISCLAIMER : The contents of this article are for educational purpose only. These are not stock recommendations of any kinds. Please read all the documents and financial statements of a company before making an investment because end of the day it will be the investor who will bear the profits and losses.

Regards,

Ankita Gupta ❤

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