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These are the six industries that will flourish in the post-coronavirus world

Best performing industries
Photo: Helloquence/Unsplash

According to a Boston Consulting Group report these industries will see an upside because of the restrictions.

With India set to be under lockdown for two more weeks, several industries are seeing a slowdown in growth. The tourism sector has been the most hit as has the automobile sector. Similarly, fashion/luxury sector is also seeing a slowdown as is the consumer durables market, construction and infrastructure and the traditional education sector. However, according to the good folks over at BCG some sectors are expected to be the least impacted because of the restrictions. If anything they may see an upside:

1. Media (Digital)

With most people hunkered down in their respective homes, digital media has been seeing an exponential growth. Whether it’s Netflix or Amazon Prime Video (we know you’ve watched Contagion already) or even digital publications, more people are logging on to watch movies, binge on TV shows or look up coronavirus updates than ever before. Disney+ didn’t postpone its launch despite the lockdown. If anything the lockdown may have helped acquire the OTT platform that launched on Hotstar with new viewers.

2. Education (Online)

Just like media, online education is also expected to see an upside, according to the report. There’s never been a better time than now for online education websites to attract new users with varied courses – from language learning to AI-ML and beyond.

3. Consumer Staples

With restrictions in place consumer staples have been in demand like never before. With entire shelves in supermarkets being wiped clean, this is one sector that is likely to not slow down anytime soon. It isn’t surprising, therefore, that stock brokers and investment consultants have been bullish on stocks such as ITC and United Breweries.

4. Food/Drug Retail

If there’s one thing the pandemic has done it’s that it’s made all of us wary of our health. Like consumer staples, food and drug retail is also seeing a rise in demand and one that will likely not slow down drastically even after the lockdown.

5. Health Services

Related health services – from hospitals and rehabs to test labs – are bound to be affected positively from the lockdown and the pandemic. With more people looking for good preventive, palliative and hospital care, the demand for health services has been on the rise and will likely continue to stay that way in the coming weeks and months.