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org at 03:14:36 13-10-2009

5 More Recession Beaters

Category

Uncategorized ; Gyaan Corner

After our initial list on 5 sectors doing well in recession, we thought it wouldnt be a
bad idea to highlight more options which exist for you and me to earn our daily
bread in these trying times. Check them out
PSUs
This is where you would like to be in a recession. Public Sector Units (PSUs) are
the safest havens in times of turmoil. While private companies might get into a
job de-escalation mode, take up cost cutting measures, keep a check on employee
salaries and general benefits, PSUs or for that matter any government aided
organisation continues to function (recession or boom) as if nothing has happened.
If you are someone who prefers a stress free and stable career, dont look beyond
PSUs. Recession is hardly a force to beat these time tested organisations.
SPORTS
Talk about sports in India and the 1st thing which comes to mind is the 20-20 cricket
tournament Indian Premier League (IPL). In a time when all organisations the
world over were trying to weed out unwanted expenses to ensure sustainability, IPL2 was launched with aplomb, fanfare and style in Johannesburg, South Africa and
boy wasnt it a success?
In fact that India was not able to host IPL-2 due to political (polls were scheduled in
various Indian states) and security reasons (IPL-2 being launched soon after 26/11
Mumbai terror attack had obvious security threats) and that it had to be finally
shifted to South Africa turned out to be a blessing in disguise to the reeling South
African economy. Not only did it turned out to be a mega cash grosser for the
country, it also provided a lot of business opportunities for small local vendors, in
addition it gave a facelift to the South African Tourism Industry.
MEDIA
Media is yet another evergreen sector of modern era. Broadly comprising of
print, radio, television and internet, its a sector which has literally exploded in the
last decade or so. In particular the ever increasing TV news channels which have
come up with the launch of cable TV and online social media which has rapidly
blossomed in the web-o-sphere ever since the advent of world wide web have
literally revolutionised the modern media.

The media industry as a whole has successfully leveraged opportunities which have
arose as a result of recession.
The TV news channels have been successful in covering the socio-economic
impact of recession.
Radio channels have proved to be a source of much needed stress buster by
providing entertainment to the masses through music.
Web or online media has played its part in giving its users a platform to
communicate / share / socialise and learn by way of interacting with each
other. An important segment of the online space which has done particularly
well is the online job search segment.
JUDICIARY
Its quite obvious that a recession will not imply a decrease in crime rate across the
country. In fact the stress due to job insecurity and general restlessness in these
times of socio economic turmoil means that crime and criminals would only
increase. Such being the only direction in which the demand for lawyers, judges,
legal experts and the legal/judicial system as a whole can go is up.
If you are looking forward to land yourself a job in the Indian Judicial System you
dont even need to be aware that a word called recession exists in economics.
COUNSELLING
We have been constantly talking about how recession brings with it a baggage of
stresses, be it psychological, social or financial. It would not be out of place here to
mention that money (rather lack of it) is one of the root causes of all stresses
related to the material world.
Its quite needless to explain here how the role of counsellors/counselling gains
importance to deal with all kinds of stresses.
That makes up a total of 10 sectors doing quite alright even in these trying times.
Do you know any other sector which we have not been able to cover in our list? Do
let us know.