A trend termed 'friendship recession,' particularly noted in Western countries, indicates a decline in close friendships, with a fourfold increase in Americans reporting no close friends since 1990. This phenomenon, also reportedly seen in urban India with increasing acquaintances but decreasing genuine friendships, is attributed by some to increased social media use and less real-time interaction. Harvard research highlights close relationships as key to happiness and health, emphasizing the unique support and perspective friends offer, often surpassing familial bonds. Historical and mythological examples underscore the value of deep friendships.