In 23 days, 35 lakh marriages and 4.25 lakh crore rupees business, the economy will get a boost
Wedding Season in India: According to a survey conducted by the Confederation of All India Traders (CAIT) Research and Trade Development Society, approximately 3.5 million weddings are scheduled to take place between November 23 and December 15. As reported by Business Standard, the grand celebration is expected to generate a turnover of ₹4.25 trillion in the shopping and services sector.
35 lakh marriages in 23 days
BC Bhatia, national president of CAIT, said that more than 3.5 lakh weddings will be held in Delhi alone this season, which is estimated to generate around ₹1 lakh crore in the city. Last year, during the same period, around 3.2 million weddings took place, costing ₹3.75 lakh crore.
Cost estimates range from ₹3 lakh to ₹1 crore per wedding
In these 23 days of marriage, around 6 lakh weddings will incur an estimated cost of ₹3 lakh per wedding, while approximately 10 lakh weddings will cost around ₹6 lakh. Another 12 lakh weddings are estimated to cost around ₹10 lakh per wedding, while 6 lakh weddings will have an event budget of ₹25 lakh. Additionally, 50,000 weddings are expected to cost ₹50 lakh and another 50,000 weddings will have a budget of over ₹1 crore.
Marriage also boosts the economy of the state
According to a survey, popular wedding destinations in India include popular destinations like Goa, Jaipur, Kerala and Shimla. Current wedding trends in India are heavily emphasized on destination weddings, themed weddings and eco-friendly celebrations.
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