Hypnosis by Social Environment
We all are very much affected by the hypnosis of Social Environment around us. If The environment around us says the economy is good, we start feeling it well, if Social Environment tells us there is a recession goes on, we start feeling the same.
In the present situation of COVID-19, everywhere in the world, there is a talk about the crash of the economy, unemployment, poverty, change of habits, change of culture, change of consumption pattern, change of working culture, Change in Savings and investments etc., and all that ONLY IN NEGATIVE SENSE.
Can we all start thinking this is a POSITIVE SENSE, As agreed that there will be visible change in everything, but it will also benefit the economy, like probably change in savings and investment pattern may help us to again boost the economy, by start investing in Capital and Debt Market, or by investment in property again, or by investment in the traditional way in Gold, Silver and Fixed Deposits, or by reducing big investment in machinery may generate employment or change of consumption pattern may reduce our unnecessary expenses on luxuries and help us in more savings and investments.
Now the market will move from high-end luxurious life to maintaining a normal life, from Big Branded Garments and Accessories to good quality but comparatively cheaper products, from Big Hospitals infrastructure to Infrastructures which are Normal but better in hospitality, from expensive medicines to Generic but effective medicines etc.
It will create a huge wholesale market with the huge demand for daily products, and may again turn to Roti, Kapda aur Makaan instead of Branded Clothing, Luxurious accessories, watches, perfumes, expensive cars, and Big Bungalows with high-end Interiors.
So All the Best and Ready for Change and Start thinking to create and grab new opportunities.
Regards,
CS Amit Kumar Jain
Finance Consultant
Mentor Corporate Services Pvt Ltd