What Are the Best Recession-Proof Jobs in India?

What Is a Recession-Proof Job?

What Are the Most Recession-Proof Careers?

What Are Recession-proof Crucial Job Skills?

FAQs about Recession-Proof Jobs

Which professions witness the worst hit of the recession?

up-arrow
The business in the retail and hospitality sector gets the worst hit of the recession. As a result, employees from these sectors may have to encounter job losses. Besides this, people involved in sports, real estate and automotive also experience declining demand for employment during the recession.

How recession affects employment opportunities?

up-arrow
During a recession, the demand for products and services declines throughout the economy. Due to this lower demand, employers refrain from hiring professionals. They can even lay off their employees during such situations.

Which industries grow even in times of recession?

up-arrow
There are certain industries in which the demand for service and products do not decline, even after the panic of recession. Some industries that thrive despite the poor economic situations are education, healthcare, utility, financial advisory, FMCG, etc.

Disclaimer

up-arrow

  • This is an informative article provided on 'as is' basis for awareness purpose only and not intended as a professional advice. The content of the article is derived from various open sources across the Internet. Digit Life Insurance is not promoting or recommending any aspect in the article or its correctness. Please verify the information and your requirement before taking any decisions.
  • All the figures reflected in the article are for illustrative purposes. The premium for Coverage that one buys depends on various factors including customer requirements, eligibility, age, demography, insurance provider, product, coverage amount, term and other factors
  • Tax Benefits, if applicable depend on the Tax Regime opted by the individual and the applicable tax provision. Please consult your Tax consultant before making any decision.

Latest News

Currently there are no news to show.

Read More

Renew & Download Policy Document, Check Challan, Credit Score, PUC & more

Anytime, Anywhere. Only on Digit App!

google-play-icon

Rated App

app-store-icon

Rated App