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:

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.

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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.