Summary:

The wedding season in India begins on November 12, 2024, and the retail industry is expected to experience significant growth. The Confederation of All India Traders (CAIT) predicts that business will total $70.43 billion (Rs. 5.9 trillion), fueled by approximately 4.8 million weddings. This represents a substantial increase from last year's $50.73 billion (Rs. 4.25 trillion) and 3.5 million marriages. With 18 auspicious wedding dates this year, Delhi alone expects 450,000 marriages, generating $17.91 billion (Rs. 1.5 trillion) for the economy.

According to a CAIT analysis based on data from 75 cities, this year's wedding season is projected to infuse $70.43 billion (Rs. 5.9 trillion) into the economy across a variety of products and services. Mr. Praveen Khandelwal emphasized the increased consumer demand for Indian-made items, which supports Prime Minister Modi's 'Vocal for Local' campaign. This trend is expected to continue, benefiting Indian producers. Furthermore, the momentum from weddings is projected to carry over into the Christmas and New Year celebrations, with additional marriages starting on January 16, 2025.

Source: IBEF 

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