๐‚๐จ๐ฏ๐ข๐ ๐š๐ง๐ ๐ข๐ญ๐ฌ ๐ข๐ฆ๐ฉ๐š๐œ๐ญ ๐จ๐ง ๐ˆ๐ง๐๐ข๐š๐ง ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ฒ
The entire thread will talk about covid and it's effect on our economy. The data will be backed by facts. If you want more informative threads in the future,don't forget to RT and share with friends.

1. The worst affected sector:
The worst affected of the lot will be travel industry. The incomes produced by movement and the travel industry, which contributes 9.2% of the GDP, will negatively affect the GDP rate. UNWTO assessments portray a fall of 20โ€“30%in global travellers.
2. Positive replacement from China:
A chance to partake in worldwide stockpile chains, multinationals are losing trust in China. In'Make in India', a few changes are required,and if that takes place, manufacturing and API base companies will shift to India giving a growth blast.
3. Construction sector can see loss of revenue :
We saw an appalling mass migration of such coasting populace of travelers by walking,amidst of countrywide lockdown. Wage workers specially working in construction,may not turn back so quickly. Many have preferred farming too!
4. Bankning and Finance sector
For a moment stop comparing ground realities with stock market action. Nonperforming credits relating to retail and MSME sections are on the ascent. In its Financial Stability Report,RBI has also said it fears defaults of many loans in next 2yrs!
5. Given the proceeding with ascend in COVID-19 cases, a few borrowers will most likely be unable to meet the severe necessities proposed by the panel consequently adding to more significant levels of nonperforming advances in the financial area.
6. KPMG India in its report assessed India's GDP development rate falling under 3% if the infection spreads further & lockdown sees an expansion. Motilal Oswal research proposes that a solitary day of complete lockdown could shave off 14โ€“19 premise i.e. US$120 billion
7. Around 400 million individuals (76.2% of the all out labor force) working in the casual economy in India are at a danger of falling further into destitution because of disastrous results of the infection. 80% of migratory laborers expected that they will run out of food.
8. Retail and sporting action across India dropped by 25% as of April 7 as contrasted and February 24. This was reflected in the RBI's March purchaser certainty overview which showed diminished spending on unimportant things, it said. So outing/theme parks/holiday travels etcโฌ
9. You might say in the name of reality,Abhishek is speaking all pessimism. Ok I might lie,but the data doesn't and we should not match everything with stock markets only for our convince. In short run 2-3yrs stock markets may deceive but that doesn't change the reality.
If you want more such comprehensive analysis,I am planning to write more thought provoking threads in future too. And to keep the flow coming,make sure you retweet and like these threads as acts as a source of motivation.
Have a great day!

More from Abhishek Kar

FREE MINI STOCK MBA
If you wish to learn abt trading,psychology,options,business etc
You can go through this thread.
Other than this I do post videos on my YT channel : -Abhishek Kar & Tradiostation
-Intraday views on FREE telegram : Abhishek Kar Official
RT will be appreciated

1. Threads to learn Options
https://t.co/wabkek43I8

2. https://t.co/OIDenHKdWN

3. Some core rules to investing
https://t.co/37d1pygp7P

4.Summing up 2020 Trading lessons
https://t.co/jSUb1lSGbQ

5.Effects of margin change on


6. Exciting story about a trader who destroyed a Bank
https://t.co/CsEEhIsD3q

7. Some Thought Provoking facts about stock markets
https://t.co/IjxpX5Wx24

8. A dose on Trading and investing


9. Top 5 resources to learn everything about stocks
https://t.co/6KnIySBGIG

10. Some Pro Tips on Trading
https://t.co/EiSGikt7jv

11. Wisdom on stuffs you should not do
https://t.co/bI2dH0XTSS

12. Reasons why you are losing the


13. The DARK side of stock market
https://t.co/qsteGcbquI

14. Stocks where you should NOT invest
https://t.co/2tD5q0K3UQ

15. Lessons from MILLIONAIRE trader
https://t.co/Pec6LmUtGa

16. Lessons from my
๐‘๐ฎ๐ฅ๐ž๐ฌ ๐จ๐Ÿ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐  ๐“๐ก๐ซ๐ž๐š๐
The entire thread summarizes some important rules with respect to investing. Inspired by legendary traders,these will not only help you to grow wealth,but also make a smart investor. Hope you would like the thread & shower some love

Rule 1: Bulls, Bears Make Money, Pigs Get Slaughtered so chose your category wisely
Rule 2: It's OK to Pay the Taxes,Dont just wait for a 10% LTCG always. Sometimes you know it won't pay you
Rule 3: Don't Buy All at Once,Have patience market will give enough opportunities

Rule 4: Buy Damaged Stocks, Not Damaged Companies. Understand the diff b/w undervalued stocks and no value stocks. Everything cheap is not bargain,it could be trap.
Rule 5: Diversify to Control Risk,make sure you don't put everything into one stock,one sector or one asset class.

Rule 6: Do Your Stock Homework. You spend 5 hours to buy a cream on Amazon but research for 1 hr based on buying a stock on twitter! Well,do your homework.

Rule 7: No One Made a Dime by Panicking .Invest 2-10% and leave rest. If it falls,pain will be low,if moves,no FOMO haunt

Rule 8: Buy Best-of-Breed Companies,This doesnt mean you have to invest in the most expensive companies,all it means is you need to buy co.s with good earnings,promoters and sustainability
Rule 9: Defend Some Stocks, Not All
Rule 10: Bad Buys Won't Become Takeovers,STOP hoping

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I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). ๐Ÿ‡ช๐Ÿ‡น

I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. ๐Ÿ‡ช๐Ÿ‡น (sub-thread):


The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC ๐Ÿ‡ช๐Ÿ‡น


Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. ๐Ÿ‡ช๐Ÿ‡น


References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". ๐Ÿ‡ช๐Ÿ‡น