In 2024, the upcoming festival of Diwali, celebrated by the Indian diaspora around the world, is expected to see a total domestic spending of INR 1.8 trillion (USD 21.18 billion) by urban Indians alone. The size of the whole Diwali market in India is about 2.5 times that figure.
Tag: Indian economy
India tops IPO listing race in 2024: Reports
Both the SME and mainboard IPO segments have contributed to this success, supported by strong demand from local retail investors and institutions, reveals GlobalData, a leading data and analytics company.
Indian economy needs to generate close to 7.85 million jobs annually until 2030 in the non-farm sector, says Economic Survey
While attributing the biggest disruption in the future of work to the accelerated growth in artificial intelligence (AI), the Economic Survey 2023-24 says that India, with its vast demographic dividend and a very young population, is uniquely situated as AI poses both risk and opportunity.
