Coronavirus economy: 4 industries that are thriving during lockdown

Coronavirus Economy: 4 Industries that are Thriving During the lockdown

2 years ago

Due to coronavirus pandemic, many countries are under lockdown that has to lead to the worldwide economic slowdown. But there are always two sides of a coin similarly there are some industries in the world that are taking lockdown as an opportunity and increasing their sales and viewership. Let’s look at 4 industries that are thriving during the lockdown.

Pharmaceutical
IMAGE SOURCE: GOOGLE

1.Pharmaceutical

The pharmaceutical industry is the one that is getting the most from this lockdown as people are rushing for necessary supplies such as medicines, hand wash, gloves, masks and sanitizers to protect themselves so that COVID-19 can be prevented. More and more companies are jumping into this industry to meet with increasing demand.

Online Education
IMAGE SOURCE: GOOGLE

2. Online Education

Due to the coronavirus outbreak, schools and colleges are turning to online education. EdTech companies are seeing this change as positive as more and more education institutions are trying to adapt to remote teaching. EdTech companies are also introducing more e-learning courses and developing tools to analyze student’s performance and help teachers to track their progress. Online education is taking the world towards a heavy thrive on getting things done, from the home, whether it is education or work.

Music/ Video Streaming
IMAGE SOURCE: GOOGLE

3. Music/ Video Streaming

The music and video industry see many users online that were not a part of it earlier. As most people are at home, they need something to entertain themselves. Binge-watching web series and movies on OTT Platforms are daily mantras for most of them. Occasionally listening to music relaxes our mind and makes us happy.

Entertainment apps and gaming industry
IMAGE SOURCE: GOOGLE

4. Entertainment apps and gaming industry

Entertainment is not just limited to watching movies or listening to songs. There are apps like TikTok, Instagram, Snapchat and mobile gaming apps like PUBG that make people more courageous and keep them engaged and entertained throughout the day.

The coronavirus pandemic has brought a slowdown in the economy worldwide, but some industries have taken this opportunity as a positive change and growing their business during the lockdown and preparing for a post-COVID-19 world.

Shruti Jain

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