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A relatively young city, Gurgaon has undergone a boom in economic and industrial development. It is acknowledged as being a city with the third highest per capita income in India. As such, the city plays host to several corporate events on a regular basis. Conferences on entrepreneurship, medical talks and auto expos are some of the business events in Gurgaon that are conducted on a regular basis. Apart from business, the city does not hesitate in celebrating various other cultural and religious events. Holi, Diwali and Sankranti qualify as other events in Gurgaon that are celebrated with great splendour and colour.