economics Archives - Third Eyesight

Gold on hold: What’s the jewellery industry’s playbook after PM Modi’s call to curb gold buying?

admin — Tue, 12 May 2026 04:58:00 +0000

Anushka Jha & Kausar Madhyia, Afaqs 12 May 2026 On May 10, Prime Minister Narendra Modi, in his address to the nation, made some appeals to the citizens of India. In addition to asking Indians to re-adopt Covid-like practices of working from home and refraining from travel abroad, the prime minister also appealed to the […]

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Reliance cuts 11 per cent of workforce on retail cool-off

admin — Fri, 09 Aug 2024 12:34:45 +0000

Reliance Industries cut its workforce by 42,000 employees in FY24, focusing on cost-efficiency and reduced hiring, particularly in the retail division. The company's retail employee strength dropped to 207,000, and Jio’s employee count also decreased. Despite workforce reductions, employee benefits expenses rose 3% to Rs 25,699 crore.

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Retail in Critical Care – The Impact of COVID-2019

Devangshu Dutta — Tue, 07 Apr 2020 13:45:16 +0000

COVID-2019 has hit all businesses, but some parts of the consumer business have been hit particularly hard. A perspective on what is likely in the short term, and how businesses should be looking to the future.

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Macro Consumer Trends: Implications for the Events Industry – (2014 March, Devangshu Dutta)

admin — Wed, 09 Jul 2014 01:53:23 +0000

In this Keynote address at UFI's Asia Open Seminar in Bangalore, Devangshu Dutta shares his views about the key consumer trends in India, and the implications for the events and exhibitions industry.

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The Business of Government – An 8-point agenda for Growth

Devangshu Dutta — Sat, 17 May 2014 11:21:08 +0000

A much-followed new-generation business leader recently rhetorically asked in a social media post that, if we have an economy swinging towards services with a large chunk of it being technology, “Why do we need government?” This is an attempt at answering that question.

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Free the Golden Bird

Devangshu Dutta — Sat, 16 Feb 2013 16:39:53 +0000

2013 is an important budget year politically due to impending elections but also economically due to the dismal GDP growth. Will the Finance Minister choose to crack the whip this year, or cut the chains?

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Retail’s Elves

Devangshu Dutta — Mon, 30 Jul 2012 15:05:37 +0000

Most of us are inclined to view the growth of modern retail as a precursor to the growth of the SME sector. Actually the reverse is equally true, perhaps more so.

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Celebrities as Mindful Consumers

Devangshu Dutta — Wed, 11 Aug 2010 14:30:33 +0000

Are we really seeing the decline of hyper-consumerism, and the emergence of a more conscious, frugal consumer? Or is just a passing fad? [More...]

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A crisis not to be wasted

Devangshu Dutta — Wed, 18 Feb 2009 11:25:17 +0000

Cisco's John Chambers is calling the current economic scenario "the biggest opportunity of our lifetime", and asking managers to shift from a centralised approach to a more collaborative one. Of course, Cisco as a company has much to gain from the growth of collaborative network organisational models, but he does have a point.

But will it be simple to make that shift? After decades, maybe centuries, of command-and-control behaviour training from kindergarten, it will take more than a few months for people to learn how to collaborate. Remember the management adage: "Lead, be led or get out of the way"? May be time to question even that. I'm not suggesting that there is no further need for leaders, but Jim Collins' Level 5 Leadership (or even a more evolved form) needs to be adopted, for true collaboration to happen rather than a push / shove / cut & chop. Many current management models have to be thrown out and new ones implemented, and even old ones re-discovered. While we may not realise it (or may not want to see it), many of the current management models are quite feudal in nature.

What's more - and I might be out on a limb here - we may even have to de-construct our whole economic model which is built on the principle of "scaling up and consolidation", in favor of fragmentation and individualisation.

A very very good documentary to watch in the current times is "The Corporation", other than digging into the host of other literature that is available.

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Building the Safety Net

admin — Mon, 22 Sep 2008 02:01:00 +0000

Devangshu Dutta In a departure from popular retail philosophy, Devangshu Dutta calls for a new model of food supply based on multiplicity and diversity. Modern retail must, he says, take into account the changing environment and be sensitive to evolving consumer preferences and to the failures and obsolescence of traditional mass retail models adopted by […]

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