Zerodha co-founder Nikhil Kamath has shared data highlighting that friendship recession could become a serious crisis in the future as loneliness is equivalent to smoking 15 cigarettes a day.

But what is ‘friendship recession’ and how does it affect us?

Are there ways to combat it?

Watch to find out!

Also read:

#nikhilkamath #recession #friendship

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Nikhil Kamath, a co-founder of online brokerage firm Zerodha, has expressed concern over what he calls a “friendship recession.” While it may sound like a humorous term, Kamath is actually referring to a serious issue faced by many young professionals in India – the impact of work on personal relationships.

With the rise of the gig economy and the increasing number of people choosing to work in startups, many young professionals are putting in long hours and prioritizing work over their personal lives. This can lead to a strain on friendships and relationships, as people struggle to find time to maintain these connections.

Kamath spoke about this issue during a recent appearance on the podcast The Ranveer Show. He described how he himself had experienced this phenomenon, as he had lost touch with many of his friends from childhood due to his focus on building Zerodha.

“I think there’s a serious friendship recession happening right now,” Kamath said. “People are becoming more and more isolated and disconnected from their friends. They’re so focused on their careers that they don’t have the time or energy to invest in relationships.”

Kamath’s concern is not just about the impact of this trend on individuals, but also on society as a whole. He believes that a lack of meaningful relationships can lead to a rise in mental health issues and a decrease in social cohesion.

So what can be done to address this “friendship recession”? Kamath suggests that people need to be more intentional about their social lives and make a concerted effort to maintain existing relationships and establish new ones.

“We need to be more mindful about how we’re spending our time,” he said. “We need to make sure we’re balancing work and play, and that we’re investing in the relationships that matter to us.”

This may mean setting aside dedicated time to catch up with friends, joining clubs or groups that align with your interests, or even just reaching out to old acquaintances for a chat.

Ultimately, Kamath’s concerns about the friendship recession highlight the importance of maintaining strong social connections, even in the midst of a busy and demanding work life. By making a conscious effort to prioritize our relationships, we can create a healthier and more fulfilling personal and professional life.