The economic impact of Covid-19 across the world is expected to continue far beyond the impact on health. The economic leaders and government advisors are trying their best to mitigate the impact of coronavirus on their economies. However, despite economic stimuli packages by government, many sectors have witnessed job losses and salary cuts across the board. Industry is facing the heat with declining margins, steep fall in sales due to low or minimal demand leading to high risk of jobs of workforce. Today almost every salaried individual has this question in mind – Is my job safe? Or am I going to experience salary cut?

Let us understand which sectors are shielded from the impact of Covid-19:

1. Healthcare and Wellness: There is no recession in this sector. In fact, people are ready to pay anything to save their life. Be it medicines, medical testing labs, physicians or hospitalization, people will not give a second thought to keep themselves safe and healthy.

Related Courses: MBBS, BDS, BHMS, BAMS, B-Pharma, Nurse etc.

• IT&ITES: This is again one sector, which shall never witness fall in demand. Although you need to regularly update yourself with the prevailing technology and demand. There are some companies like Capgemini and TCS, which have given salary hike during the current scenario also. In fact, there is increasing demand of professionals in field of Cyber-security, Data Analytics/Data Scientists, Business Analytics, Artificial Intelligence, Cloud Computing & Digital Marketing.

Related Courses: B-Tech/B.E, Short term courses on Cyber Security, Digital Marketing..

• Soft Skills:Soft skills like Emotional Intelligence (EQ), Problem Solving, Communication Skills, Corporate Training & Counselling can never be replaced by AI or Robotics. People with right attitude and flexibility to acquire new skills will witness growth. These skills are required to increase efficiency of employees.

Related Courses: Psychology, NLP, Image Consulting..

• E-Commerce: This is again one of the sectors, which shall witness growth and boom as people are getting more and more comfortable in online shopping rather than moving out on physical stores. Myntra & Flipkart have given salary hikes to its employees during the current scenario of Covid-19.

      Related Courses: Supply Chain Management, Digital Marketing

• Online Education, Training & Counselling:Many schools are looking for service providers to take up online education of its students. Digital learning is new normal and kids are already acquainted to use mobiles and gadgets for gaining knowledge. People have time and are comfortable with e-learning platforms. BYJU’s app has witnessed significant increase in download and subscription. Many startups are coming up in education space. No matter what is macroeconomic scenario, parents are always looking out for opportunities to enhance learning of their kids. Similarly, even elders are showing more and more willingness to enhance their learning through e-platforms and are willing to talk to experts for guidance and moral support through counselling.