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Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery

Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery

by AIP Online Bureau | Jun 30, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Annually, India witnesses 80 lakh to 1 crore weddings, outstripping countries like China and the US, where wedding numbers rank much lower. In comparison, the US wedding industry is valued at USD 70 billion, and China’s at USD 170 billion, while India’s...

80% of Indian marginal farmers suffered crop losses due to adverse climatic events

by AIP Online Bureau | Jun 25, 2024 | Data, Eco/Invest/Demography, Non-Life, Policy, Reinsurance, Risk Management

The findings reveal that the primary causes of crop damage were drought (41 per cent), irregular rainfall including excessive or non-seasonal rains (32 per cent), and early withdrawal or late arrival of the monsoons (24 per cent).Although 83 per cent of them are...

Kuwait fire, a reminder of dismal working conditions of Indian diaspora

by AIP Online Bureau | Jun 15, 2024 | Eco/Invest/Demography, Indian News, Risk Management

About 13 million Indians work abroad – more than 60% of them in Gulf nations – according to information shared with parliament by the Indian foreign ministry in 2023. The bodies of 45 Indians who died in a fire in a labour housing facility in Kuwait were...

Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis

by AIP Online Bureau | Apr 17, 2024 | Data, Eco/Invest/Demography, Health, Life, Non-Life

As per them, mutual fund investments surged by a whopping 86 per cent, insurance payments have seen a significant 56 per cent growth and trading experienced a 62 per cent jump in value in 2023-24. “With this, we witnessed the emergence of a new India. One that...
Life protection plan for Indian blue-collar workers unveiled in the UAE

Life protection plan for Indian blue-collar workers unveiled in the UAE

by AIP Online Bureau | Mar 6, 2024 | International News, Life, Non-Life

Around 3.5 million Indians reside in the UAE, of which about 65 per cent are blue-collar workers, who form one of the largest groups of migrant workers in the UAE. In 2022, the consulate registered a total of 1,750 death cases, of which around 1,100 were workers...
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