During this period, around 32 lakh weddings will be solemnised across the country with a massive flow of about INR 3.75 lakh crore by way of wedding purchases and other related services, according to a survey conducted by the CAIT Research & Trade Development Society
India’s traders are all set for a bonanza: the wedding season which will begin on November 14 through December 14. During this period, around 32 lakh weddings will be solemnised across the country with a massive flow of about INR 3.75 lakh crore by way of wedding purchases and other related services, according to a survey conducted by the CAIT Research & Trade Development Society, reported IANS.
CAIT said during the season, about 5 lakh weddings will have an estimated expenditure of INR 3 lakhs each, while in about 10 lakh weddings the cost will be around INR 5 lakhs each.
Ten lakh weddings will cost INR 10 lakhs each, 5 lakhs marriages will cost INR 25 lakhs each, 50,000 marriages will have INR 50 lakhs expenditure each and another 50 thousand marriages will be those in which INR 1 crore or more will be spent.
In the month, around INR 3.75 lakh crore will flow through the wedding purchases in the markets, the survey revealed. The next phase of the wedding season will start from January 14, 2023 and will continue till July.
CAIT said that in Delhi alone, more than 3.5 lakh weddings are expected to take place, which is likely to generate a business of about INR 75,000 crore. Last year, around 25 lakh weddings took place in the same period and expenses were estimated at INR 3 lakh crore.
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Banquet halls, hotels, open lawns, community centres, public parks, farm houses and many other types of places for weddings are fully prepared across the country
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In addition to the purchase of accessories at each wedding, a wide variety of services are also involved, including tent decorators, flower decorations, crockery, catering service, travel service, cab service, welcoming professional groups, vegetable vendors, photographers, videographer, orchestra, DJ, horses for the procession, wagons, lights and many other types of services are likely to do big business this time
CAIT said that in view of the good business prospects of the wedding season, traders across the country have made elaborate preparations as they want to continue the sentiments emanated from just concluded record business figures of Diwali this year.
Traders said that about 20 per cent of the expenditure of each marriage went to the broom-bride’s side while 80 per cent of the expenditure went to other third agencies working in solemnising the marriage.
CAIT informed that before the wedding season, a large amount of business has already occurred in the repair of houses. Apart from this, jewellery, sarees, lehengas, furniture, readymade garments, clothes, footwear, wedding and greeting cards, dry fruits, sweets, fruits, worship items, grocery, food grains, decoration items, home decoration items, electrical utility, electronics and many gift items. etc are usually in demand and it is expected to do good business this year.
Banquet halls, hotels, open lawns, community centres, public parks, farm houses and many other types of places for weddings are fully prepared across the country. In addition to the purchase of accessories at each wedding, a wide variety of services are also involved, including tent decorators, flower decorations, crockery, catering service, travel service, cab service, welcoming professional groups, vegetable vendors, photographers, videographer, orchestra, DJ, horses for the procession, wagons, lights and many other types of services are likely to do big business this time.
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