Indian festivals significantly boost the economy by driving consumer spending, increasing retail and e-commerce sales, and supporting tourism and various industries, with major festivals like Holi, Diwali and Durga Puja acting as key economic catalysts. Let's discuss the impact - Increased Consumer Spending Festivals are a time for people to splurge on new clothes, jewelry, electronics, and home decor, leading to a surge in consumer spending. Retailers and businesses capitalize on this by offering discounts, promotions, and new product launches. The electronics and automobile industries, in particular, see significant growth during the festive season. Boost to Retail and E-commerce Festivals are a prime shopping season, with people actively seeking out new products and experiences. E-commerce platforms see a surge in sales during this period, with people opting for online shopping for convenience and deals. Traditional markets and local businesses also benefit from the...
Periodization of history It refers to the process of dividing history into distinct periods or eras based on significant events, developments, or shifts in society, culture, politics, or other aspects of human civilization. Periodization allows historians and scholars to organize and make sense of historical events, processes, and trends by grouping them into meaningful and manageable units. Periodization schemes vary depending on the context, region, and the focus of study. Different cultures and regions may have their own specific periodization systems based on their unique historical experiences and perspectives. However, there are several widely recognised periodization schemes that are commonly used in the study of world history. Here are a few examples - 1. Ancient, Medieval, and Modern This is a traditional periodization scheme that is often used in European history but can be applied to other regions as well. It includes - Ancient - Typically up to the fall of the W...