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Indian Express
22 minutes ago
- Indian Express
1 out of 5 millennials experience job insecurity in the workplace: Report
In India, one out of every five millennials has experienced job insecurity in their workplace in 2025. A new survey on Millennials in the Workplace 2025, by Great Place to Work, highlights a mixed picture of employee wellbeing, retention, and career growth. The report, which studies employees born between 1981 and 1997, shows that financial well-being remains the biggest challenge, with 1 in 4 millennials struggling. While 83 per cent of millennials report working in a psychologically safe environment, the remaining 17 per cent lack emotional and mental workplace support. The data reveals a clear link between psychological safety and loyalty—millennials who feel safe at work are twice as likely to stay long-term compared to those who don't. 10 emerging cities in India for job hunt Among the sectors, Financial Services and Insurance and Retail lead with the highest psychological safety, with the rating of 84 per cent, followed closely by Health Care, Information Technology, and Manufacturing & Production, each recording 83 per cent, as per the report. These skills are must for 2025 hiring opportunities On the other hand, sectors like Biotechnology and Pharmaceuticals and Professional Services show slightly lower ratings at 80 per cent, making them the least performing sectors in terms of psychological safety. Indian employees aim less stress, flexible jobs over career advancement Despite this, 15 per cent of millennials expressed intent to leave their jobs, with attrition highest in IT and professional services and lowest in retail and manufacturing. Job insecurity also looms large, as 1 in 5 millennials fears layoffs, particularly in biotech, IT, and professional services. The highest levels of intent to leave are seen in Professional Services (18 per cent) and Information Technology (17 per cent), indicating higher workforce mobility in these sectors. Biotechnology & Pharmaceuticals matches the overall rate at 15 per cent, while healthcare and financial services and insurance record slightly lower values of 14 per cent each. India's best workplaces in manufacturing sector in 2025 On the positive side, 82 per cent of millennials received upskilling and re-skilling training opportunities in the past year, and 89 per cent were provided with adequate resources and equipment. However, only 47 per cent felt they had strong opportunities to innovate, suggesting organizations need to focus on fostering creativity alongside skilling.
Fashion Value Chain
22 minutes ago
- Fashion Value Chain
Hot Fuego Ignites the Digital Future of 7th Generation Legacy Brand First Choice Fragrance
Hot Fuego, the world's leading next-level management and consulting company, has onboarded First Choice Fragrance as its newest client. A seventh-generation incense and fragrance brand, First Choice Fragrance is one of India's most respected names in the agarbatti (incense sticks) industry. This partnership signals a strategic move to amplify the brand's digital presence and deepen its resonance with modern consumers across India and global markets. Hot Fuego onboarded First Choice Fragrance as its newest client Hot Fuego will lead a comprehensive marketing campaign for First Choice Fragrance, spanning digital strategy, e-commerce growth, and brand generation. The engagement will include platform management, online advertising, creative storytelling, and audience-focused campaigns designed to honor the brand's rich legacy while expanding its future potential. Abubakar Attar, Managing Director of First Choice Fragrance commented, 'Our brand carries the fragrance of tradition, trust, and a cultural legacy nurtured over seven generations. As we step into a more digitally connected world, we need more than just a marketing advisor. We need a partner who could deeply understand our values while unlocking new possibilities. Hot Fuego brought exactly that, a powerful mix of strategic insight, creative excellence, and a genuine respect for our heritage. Today's consumers are using agarbattis not only for spiritual rituals but as an expression of wellness, mindfulness, and atmosphere. With Hot Fuego by our side, we're excited to reimagine our brand for this new era where legacy meets innovation and where our story continues to resonate across generations.' Speaking on the partnership, Jason Averill, Founder of Hot Fuego said, 'First Choice Fragrance is not just a brand, it is a symbol of generational trust and cultural continuity. Partnering with a legacy that spans over seven decades is both an honor and a responsibility. At Hot Fuego, we are bringing the full force of our digital strategy, creative thinking, and data-driven insights to help shape a future that respects the past while embracing what's next. Just as a single flame unlocks the subtle aroma of an incense stick, we are igniting a spark that elevates First Choice Fragrance's digital presence. This is more than a marketing journey, it's a legacy brought to life for a new era of modern consumption.' As the incense market grows and evolves, this partnership helps First Choice Fragrance take a leading role in how the category is seen and experienced today. With Hot Fuego bringing global ideas and a deep understanding of Indian culture, the brand is set to reach more people in more meaningful ways. Together, they plan to transform incense from a mere tradition into a lifestyle choice that resonates with modern consumers in India and around the world. To learn more about First Choice Fragrance, visit For more information on Hot Fuego, visit About First Choice Fragrances First Choice Fragrance represents over seven generations of excellence in crafting premium scented products such as incense sticks, dhoop, agarbatties. Named after the vision of our grandfather Abdul Gani Hussain Attar, the brand continues to uphold a tradition of purity, quality, and spiritual resonance. As a newly launched manufacturing unit under the Jahagirdar brand, First Choice Fragrances is committed to delivering scents that uplift spiritual experiences and meet the highest standards of craftsmanship. With a deep-rooted commitment to customer satisfaction, every product reflects our dedication to legacy, integrity, and innovation in the incense industry. About Hot Fuego Hot Fuego is a next-level management and consulting company that helps good companies become great and great companies become industry leaders. Combining bold strategy, data-driven execution, and creative storytelling, we're more than a service provider, we're your growth partner. With a client-first mindset, the team at Hot Fuego crafts deeply personalized campaigns that not only reach audiences but resonate with them. The company is anchored in five key principles being client-focused, data-driven, transparent, innovative, and agile. Whether it is digital advertising, social media, SEO, market intelligence, or full-scale brand transformation, Hot Fuego delivers results that connect at every click, share, and scroll. At the heart of Hot Fuego lies a relentless pursuit of digital excellence transforming today's potential into tomorrow's legacy.
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Business Standard
22 minutes ago
- Business Standard
Export curbs ease positive, India must cut reliance amid $100 bn gap: GTRI
China's decision to ease restrictions on exports of rare-earth minerals and fertilisers to India is a positive signal, but India must work to reduce its dependence on the neighbouring country, with which it runs an alarming $100 billion trade deficit, economic think tank GTRI said on Wednesday. It said that between 2014 and 2024, China's dominance over India's import landscape only widened. Its share in India's telecom and electronics imports reached 57.2 per cent, while machinery and hardware accounted for 44 per cent. Chemicals and pharmaceuticals followed closely at 28.3 per cent, it said. For India, the Global Trade Research Initiative (GTRI) said, the only real safeguard is to build strength at home by cutting dependence, investing in deep manufacturing, and becoming a true product nation. "A stronger, more self-reliant India will be better placed to engage China on equal terms, while keeping relations steady and pragmatic rather than hostage to sudden shifts," GTRI Founder Ajay Srivastava said. India's trade deficit with China, which hit a record $100 billion in FY2025, is not just alarming in scale but also in structure, it said. "What makes it more serious is that China now dominates India's import baskets across virtually every industrial category -- from pharmaceuticals and electronics to construction materials, renewable energy, and consumer goods," it added. Citing examples, the think tank said in antibiotics like erythromycin, China supplies 97.7 per cent of India's needs; in electronics, it controls 96.8 per cent of silicon wafers and 86 per cent of flat panel displays; in renewable energy, 82.7 per cent of solar cells and 75.2 per cent of lithium-ion batteries come from China. Everyday products such as laptops (80.5 per cent share), embroidery machinery (91.4 per cent), and viscose yarn (98.9 per cent) are sourced from China. Srivastava said this overwhelming dominance gives Beijing potential leverage against India, turning supply chains into a tool of pressure in times of political tension. "The imbalance is deepening as India's exports to China continue to decline, reducing India's share in bilateral trade to just 11.2 per cent today from 42.3 per cent two decades ago. Such structural dependence exposes India to serious geopolitical risks and highlights the urgent need for domestic production capacity and resilient supply chains," he added. According to the GTRI, China now dominates Indian import baskets across virtually every industrial category -- from pharmaceuticals and electronics to construction materials and consumer goods. In the pharmaceutical sector, India imported USD 166.3 million worth of erythromycin from China, accounting for 97.7 per cent of its global imports of that antibiotic, it said, adding China supplied 88.1 per cent of India's total antibiotic imports, forming the backbone of India's pharmaceutical ingredient supply. In electronics and semiconductors, India imported USD 151.6 million worth of silicon wafers from China (96.8 per cent share), and USD 1.06 billion in flat panel display modules (86 per cent). Similarly, it said, computer monitors (USD 376.5 million) also saw a 66.8 per cent Chinese share. Imports of printed circuit boards (USD 612.2 million), memory chips (USD 1.75 billion), and microprocessors (USD 1.65 billion) were also heavily reliant on China, with shares between 37 per cent and 40.5 per cent. In consumer electronics, laptops and tablets topped the list with USD 4.45 billion in imports, 80.5 per cent of which came from China. "Smartphones accounted for USD 259.7 million (58.8 per cent), while smartphone components and parts stood at USD 763.8 million (55.4 per cent) and USD 7.15 billion (51.7 per cent) respectively," it said, adding imports from China in low-tech consumer goods -- ceramic tiles, plastic furniture, lighting products, even headgear -- rose over 150 per cent in the same period. These goods not only undermine Indian MSMEs but also reflect a widespread erosion of domestic industrial depth, Srivastava said. "The data signals a clear imbalance. India is structurally dependent on China, while gaining little market access in return. Without urgent policy intervention, this economic asymmetry will only worsen," he added. To reduce India's trade deficit with China from $100 billion to $50 billion within five years, he suggested steps such as reverse engineering for rapid substitution and building deep-tech manufacturing. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
