New Year's Day marks the end of one year and beginning of the other. New Year is celebrated by all countries that measure yearly calendars. Most countries across the globe follow the Gregorian calendar and celebrate their New Year's Day on January 1. In several countries January 1 is a holiday. Grand bashes, balls and parades are organized to welcome the New Year and bid adieu to the old. New Year is celebrated by many cultures and countries around the world including the United States, the United Kingdom, Europe, Australia, New Zealand, and India.