Thread by @KommawarSwapnil

Will India 🇮🇳experience a recession or not?

1. What will happen to our investments?💹
2. What will happen to our employment?🧑‍💻

These are burning questions that each of us has!

Sadly, let me break this to you:

Today's World Bank report said that for a 100-point reduction in the US economic growth, India's economy will fall by 40 points and other developing countries' economies will fall by 150 points.

While we won't be doomed, we will still be impacted!

And here's how you can 𝐫𝐞𝐜𝐞𝐬𝐬𝐢𝐨𝐧-𝐩𝐫𝐨𝐨𝐟 𝐲𝐨𝐮𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬📈:

Get returns by investing in recession-proof industries! Look at commodities around you that you will still purchase even in a recession.

💊Healthcare: No matter how the overall economy is performing, publicly traded healthcare and insurance industries provide consistent returns in the form of dividends and stock value.

🛒Grocery: Although consumers tend to choose less expensive goods, they occasionally bend their budget.

Major producers of food and beverages provide consistent growth over time.

⚡Utilities: All utilities are traded publicly on the stock market and despite government control, they are permitted to make a profit and frequently provide excellent returns on investment.

📋Insurance: Insurance firms can always make a profit and pay dividends, so holding insurance stocks in a portfolio is a sound investment.

And remember, do not invest in any company in these industries; invest in the top companies of the industry that cater to these needs!

Sources: Forbes, Times Now

#Forbes
#recession