The Confederation of All India Traders (CAIT) predicts substantial business activity during this year’s Indian wedding season. The anticipated business value is 4.25 trillion rupees ($51 billion) over a 23-day period from November 23 to December 15, according to a survey done by CAIT Research & Trade Development Society. The expected commercial worth of 4.25 trillion rupees ($51 billion) during the next Indian wedding season represents a significant increase over the previous year’s 3.75 trillion rupees ($45 billion). According to CAIT data, about 3.5 million marriages are expected during this time period, highlighting the huge economic impact of these marital ceremonies.
During the wedding season in India, a wide range of wedding budgets will have an impact on the commercial landscape. Around 50,000 weddings are projected to be classified as luxury, with spending exceeding 1 crore rupees ($120,000) per event. A further 50,000 weddings will have budgets of 50 lakh rupees ($60,000). The forthcoming wedding season, which begins on November 23, 2023, and runs through December, is expected to increase demand for banquet halls, hotels, open lawns, community centers, public parks, and farmhouses across India. A plethora of services including tent decoration, floral arrangements, crockery, catering, travel arrangements, taxi services, photography, videography, music, and event management are expected to play a significant role in this multi-trillion-rupee industry.
