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India’s retail market attracts investors, funding for startups rose by 32 per cent

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New Delhi: India’s consumption story has been attracting investors. In the first half of 2024, retail startups in the country raised 32 per cent more funds as compared to the same period last year.

Data intelligence firm Tracxn report said that funding for the retail sector has increased by 32 per cent to $1.63 billion in the first half of 2024, which was $1.23 billion in the first half of 2023.

The report further states that right of the total funding rounds in the first half of 2024 have raised more than $100 million.

Flipkart has raised $350 million, Apollo 24/7 has raised $297 million and Meeso has raised $275 million, which shows investors are very optimistic about the retail sector growth.

India is the fastest-growing major economy in the world.

In FY 2023-24 GDP growth rate was 8.2 per cent which is estimated to be 7.2 per cent in the current financial year.

Due to the economic growth, consumption in India is also increasing rapidly.

According to a UBS report, consumption in India has almost doubled in the last decade. Last year it was at $2.1 trillion.

India plans to become the world’s third-largest economy by 2026.

Last year, consumption in India grew faster than other major economies of the world such as China, US, and Germany.

According to the Household Consumption Expenditure Survey, since 2011-12, spending in rural areas has increased by 164 per cent and in urban areas by 146 per cent.

The survey said that in monthly per capita consumption expenditure (MPCE) 2022-23, compared to 2011-12, the expenditure in rural areas has increased by 164 per cent to Rs 3,773 and the expenditure in urban areas has increased by 146 per cent to Rs 6,459.



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Funding & Investment in Travel

Tourist boat that capsized and killed at least 35 people in Vietnam towed to shipyard for investigation

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Dozens reportedly killed after Vietnam tourist boat capsizes

STORY: :: Emergency crews search for survivors after a tourist boat capsized in Vietnam’s Halong Bay:: July 19, 2025The boat, carrying 53 people, tipped over at around 2 p.m. local time, as Storm Wipha approached the country across the South China Sea. Strong winds, heavy rainfall, and lightning were reported in the area.Most of the tourists were from the capital, Hanoi, local newspaper VnExpress reported. There was no official announcement on the nationality of the tourists as emergency crews kept looking for survivors.



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Sustainable travel spaces for your next eco-friendly vacation

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Looking to explore the world without leaving a mark? These seven eco-conscious retreats across India blend luxury with sustainability, offering soulful escapes rooted in nature. From forest farms to island havens, experience indulgence that honours the Earth

Luxury travel has entered a new era—one where conscience and comfort coexist. Across India, a refined set of eco-friendly, sustainable vacations is reshaping what it means to travel well. These destinations offer not only elegance and exclusivity but also a deep reverence for the planet, the people, and the places they inhabit.

Whether nestled in forested hills, perched by pristine beaches, or hidden deep within the wilderness, these eight retreats embody the rare harmony of sustainability and sophistication. From forest sanctuaries to island escapes, here are seven eco-forward hideaways offering indulgence without impact—places where the planet thrives alongside you.

Beforest, Coorg, Karnataka – Living the earth-first lifestyle

Beforest isn’t simply a place to stay, it’s a regenerative ecosystem. Nestled in the verdant hills of Coorg, this regenerative community invites guests into an immersive, off-the-grid lifestyle. Think: permaculture gardens, solar energy, and mornings spent harvesting your organic produce. Each experience from forest bathing to barefoot farming is designed to root you deeper into the rhythms of the earth.

Swastik Wellbeing Sanctuary, Pune – Where modern wellness meets ancient wisdom

Tucked into the serene hills just outside Pune, Swastik Wellbeing Sanctuary offers a refined escape for the soul. This thoughtfully designed retreat combines sustainable architecture with the timeless principles of Vedic healing. Every element from the eco-friendly construction and solar-powered systems to the Ayurvedic treatments, guided breathwork, and nourishing sattvic food creates a space where silence is sacred and every detail is intentional. Swastik doesn’t just restore, it reawakens.

Evolve Back, Kabini, Karnataka – Rustic refinement on the riverbank

On the edge of the wild Nagarhole forest, Evolve Back Kabini redefines resort living through a tribal-inspired design that honors the land and its people. Solar-powered and sustainably built, the property offers immersive wildlife experiences, riverside relaxation, and unfiltered serenity.

Spice Village, Thekkady, Kerala – A tribute to tribal traditions

Spice Village is a celebration of indigenous wisdom and ecological integrity. Inspired by the native dwellings of the Western Ghats, this solar-powered, plastic-free retreat offers an authentic immersion into Kerala’s heritage, where every thatched cottage and spice-laden meal is a nod to tradition done consciously.

Barefoot at Havelock, Andaman – Island luxury, reimagined

Barefoot is what island luxury looks like when sustainability takes center stage. Nestled beside the famed Radhanagar Beach, the resort was built without felling a single tree. With coral restoration programs, zero-waste practices, and immersive jungle treks, it offers a refined yet respectful way to experience the Andamans.

Wildernest, Chorla Ghats – The art of off-grid opulence

Perched where three states meet, Wildernest is wild beauty distilled into a sophisticated escape. With no Wi-Fi, no artificial lights, and only nature as your soundtrack, the resort offers secluded cabins, guided eco-treks, and sweeping views that reconnect you with the rhythms of the land.

Diphlu River Lodge, Assam – Conservation in the heart of the jungle

Bordering the famed Kaziranga National Park, Diphlu River Lodge is a handcrafted ode to Assam’s wild heart. Bamboo cottages, solar lighting, and a strong conservation ethic define this luxe eco-lodge. Here, rhinos roam nearby, and luxury lies in reverent simplicity.



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Sri Lanka eyes global spotlight through film tourism and creative industry partnerships

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July 20, Colombo (LNW): In a bid to position Sri Lanka as a vibrant destination for international filmmaking and cultural exchange, Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, held a high-profile meeting with Indian actor and producer Ravi Mohan, alongside singer and performer Keneesha Francis, at the National Film Corporation headquarters yesterday.

The discussions explored opportunities to expand Sri Lanka’s film tourism footprint by encouraging global film producers to consider the island nation as a cinematic backdrop. Minister Herath expressed the government’s renewed commitment to supporting the creative economy through targeted policy reform and strategic international partnerships.

Chairman of the National Film Corporation, Sudath Mahadivulwewa, who also took part in the dialogue, emphasised the need for practical incentives and institutional support to attract major productions. He noted that collaboration with global industry figures like Mohan and Francis could open up new avenues for local talent, training, and investment.

The meeting also touched on how music, performance, and storytelling can serve as bridges between communities, deepening people-to-people ties while creating tangible tourism benefits. Stakeholders discussed establishing film-friendly zones, simplifying permitting processes, and launching co-production agreements as part of the effort to revitalise the local entertainment sector.



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