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India's wedding industry has a size of $75 billion, second largest after China. It is the fourth largest industry in India. [330] The wedding industry saw significant growth in 2023 as weddings became larger and more extravagant post the pandemic blues. Average guest size grew by nearly 15%, from 270 guests in 2022 to 310 in 2023.
The 2024 Union Budget of India [1] was presented by Finance Minister, ... Ministry of Commerce and Industry ₹ 11,469 0.238% Ministry of Heavy Industries ₹ 7,242
India is “easily” the fastest-growing economy in ... estimating that the fiscal deficit for the financial year 2025 would narrow to 5.1% from the revised 5.8% for 2024, ... In Other News ...
The Ministry of Finance has proposed a 71% increase in funding to ₹13,104.50 crore for the manufacturing of chips and electronics in the 2024 Union budget of India. [104] In 2024, the Government of India has approved the establishment of four semiconductor manufacturing units in the country as part of the Semicon India Programme. Additionally ...
The U.S. online gambling market is expected to grow from $5.12 billion in 2024 to $10.98 billion in 2029, a compound annual growth rate of 16.52%.Top companies and funds in this industry include ...
2–3 July – 2024 India-Bangladesh floods: At least sixteen people are killed by floods and landslides in Assam and Arunachal Pradesh, while over 300,000 more are displaced. [108] [109] 5 July – A victory parade is held in Mumbai by the Indian cricket team following their victory in the 2024 ICC Men's T20 World Cup. [110] [111]
India has growing data centre industry. Data centres are used for national security, internet infrastructure, and economic output. As of 2024, India's data centre capacity is at 950 MW, which is expected to be 1800 MW by 2026. [1] The data centre industry is valued at US$1.2 billion in 2021, a 216% growth from $385 million in 2014.
In April 2024, India's electricity sector has seen a significant shift towards coal due to a shortfall in hydropower generation, driven by lower-than-expected rainfall. As reported by the Grid Controller of India Ltd. in April, coal's share in the total power generation mix increased to 77% in the first week of the month, compared to the ...