Emergent gravity paradigm: Recent progress

Research during the last one decade or so suggests that the gravitational field equations in a large class of theories (including, but not limited to, general relativity) have the same status as the equations of, say, gas dynamics or elasticity. This paradigm provides a refreshingly different way of interpreting spacetime dynamics and highlights the fact that several features of classical gravitational theories have direct thermodynamic interpretation. I review the recent progress in this approach, achieved during the last few years.