Summary:

According to CAIT, the 4.8 million marriages scheduled between November 12 and December 16 in India are expected to generate Rs. 6 trillion (US$ 71.33 billion). This marks a significant increase over last year’s 3.8 million marriages, which generated Rs. 4.74 trillion (US$ 56.35 billion). Delhi anticipates 450,000 marriages, contributing Rs. 1.5 trillion (US$ 17.83 billion), with more auspicious dates prompting grander celebrations across all income levels.

Wedding budgets in India range from Rs. 3 lakh (US$ 3,565.79) to over Rs. 1 crore (US$ 118,877), fueling significant growth in the retail and services sectors. There will be strong demand for clothing, jewellery, electronics, and home goods. Banquet halls, event management, catering, and photography services will also see increased activity. Major spending categories include tents and decorations (10%), catering (10%), music (6%), and banquet halls (5%).

Source: IBEF 

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