The Coronavirus outbreak has made a significant impact on the global economy as a whole. A
country like India is obviously in considerable danger of a mass outbreak since the population
is densely packed. The threat of mass occurrence of cases has led to a lot of industries
grinding to a halt. However, there are a few who are still running as usual, and may continue to thrive. Some
among them might even grow as a result of Coronavirus Impact on Indian Economy. Here’s a look at what is
making these businesses run and what can be expected of them:
See Also : Top 3 Indian Startup Developments In Response to the Coronavirus
3 Industries in India that Are Growing During Coronavirus
1. Information Technology
The lockdown across the globe has halted actual physical commute and commerce
resulting from it. It has given IT businesses a boost since more people than ever are
looking to bring their business online. The US market and its economical trends are already
presenting some cracks and rifts between different industries.
The Indian IT sector and its investors can capitalize on the rising demand. It is
likely to yield a large short-term profit and also allow for more substantial investments. Smaller
businesses that enable commerce to work without direct contact are in for a positive turn
through to the end of the year, and so, these will be great investment opportunities in 2020.
2. Banking
Financial institutions and banking sectors at large are in for a significant demand as companies
try to recover from the economic slowdown. With the RBI issuing new policies, the demand
for loans will be increased considerably. It means the investors into banking concerns
will likely be in for a very profitable short-term investment opportunity.
So, any financial institutions which offer investment opportunities are an excellent spot to get
some money into. Of course, this will be a longer-term investment since the market will
need to recover to show the results on investments. With that said, if investors are willing
to entertain a gestation period, then this can yield considerable dividends.
3. Crude Oil
Crude Oil prices have fallen by 30% and more since the outbreak of the Coronavirus. It
means the time is ripe for entry into the market. With that said, there is currently an oil war
with the US and Russia leading the competition.
So, investors will need to be very careful where they place their money. There is no doubt
there will be a price spike in the market. However, the companies one invests in will be
more important than the overall changes in overall crude prices.
See Also : 10 Major RBI Announcements in Response to Coronavirus Outbreak in India
Conclusion
Making investments during the Coronavirus pandemic may seem like a complicated task.
The three industries we have mentioned above are among the few which are currently
poised for a profitable investment return. It should be noted that choosing the right
business concern to invest in is the first task. If done right and with enough research, there
are some investment opportunities which will return a good value on an investment after the
Coronavirus pandemic is over.
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See Also : The 6 Most Reliable Ways to Fund Your Startup in India
