The Economics of Sanatani Wedding in Bharat and how it spin the economic wheel
38 Lakh marriages are to generate Rs 4.74 Lakh Crore business in Bharat. Lot more then Deepawali
After a successful Deepawali season, Confederation of All India Traders predicted a huge retail business till next month.
In 2022, 32 Lakh weddings occurred at the same time and trade clocked Rs 3.75 Lakh Crore.
Over 4 Lakh weddings are set to happen in Delhi alone resulting in a business of Rs 1.25 Lakh Crore.
There are 8 types of weddings taking place in India with expenses starting from Rs 3 Lakh, Rs 6 Lakh, Rs 10 Lakh up to Rs 50 Crore where expenses jumped 15% to 20% YoY.
Here are top 9 goods and services contributing to the big wedding business:
Jewellery - 15%.
Tent decoration - 12%.
Textiles - 10%.
Catering - 10%.
Electronics and durables - 5%.
Dry fruits, and sweets -5%.
Event management - 5%.
Grocery and vegetables - 4%.
Gift items - 4%.
Hotels, marriage venues, travel, photography, music, lights, sound and other services have also pushed the wedding sector to a new high.
Sustainability theme has become a new addition.
As a luxury, international travel and innovative approaches are on trend, Indians’ favourite cities to wed are Dehradun, Mussoorie, Mahabalipuram, Siliguri, Mumbai, Udaipur, and many others.
Goa and Rajasthan are 2 top choices.
Brands like Mariott, Hilton, Taj Hotels, DLF Limited, Titan, jewellery and other travel companies are aiming for blockbuster sales during this season.
Indian Govt’s “I do weddings in India” initiative and taxation also kept and brought more people to Bharat for marriage.
Now I know some will jump and give excuse of Middle Class. For them I suggest use innovation, which can have low cost but life long memory
In place of Mariott, Hilton, Taj Hotels, DLF Limited why not pick Village side. Yes marriage in village in village style. Use make shift tent city. The cost will be lot less, full adventure and ur money goes into village economy
Let's take a wild example
pick a river side in village. At two ends of river, one side is groom party and other side is Bride party. The travel is by decorated boats. now expand this idea. In High society style U can call it destination wedding
Why just follow those high end over priced Marriage venues
😎 Now you know why I am bullish on Village Tourism?
Dr G Pradhan
38 Lakh marriages are to generate Rs 4.74 Lakh Crore business in Bharat. Lot more then Deepawali
After a successful Deepawali season, Confederation of All India Traders predicted a huge retail business till next month.
In 2022, 32 Lakh weddings occurred at the same time and trade clocked Rs 3.75 Lakh Crore.
Over 4 Lakh weddings are set to happen in Delhi alone resulting in a business of Rs 1.25 Lakh Crore.
There are 8 types of weddings taking place in India with expenses starting from Rs 3 Lakh, Rs 6 Lakh, Rs 10 Lakh up to Rs 50 Crore where expenses jumped 15% to 20% YoY.
Here are top 9 goods and services contributing to the big wedding business:
Jewellery - 15%.
Tent decoration - 12%.
Textiles - 10%.
Catering - 10%.
Electronics and durables - 5%.
Dry fruits, and sweets -5%.
Event management - 5%.
Grocery and vegetables - 4%.
Gift items - 4%.
Hotels, marriage venues, travel, photography, music, lights, sound and other services have also pushed the wedding sector to a new high.
Sustainability theme has become a new addition.
As a luxury, international travel and innovative approaches are on trend, Indians’ favourite cities to wed are Dehradun, Mussoorie, Mahabalipuram, Siliguri, Mumbai, Udaipur, and many others.
Goa and Rajasthan are 2 top choices.
Brands like Mariott, Hilton, Taj Hotels, DLF Limited, Titan, jewellery and other travel companies are aiming for blockbuster sales during this season.
Indian Govt’s “I do weddings in India” initiative and taxation also kept and brought more people to Bharat for marriage.
Now I know some will jump and give excuse of Middle Class. For them I suggest use innovation, which can have low cost but life long memory
In place of Mariott, Hilton, Taj Hotels, DLF Limited why not pick Village side. Yes marriage in village in village style. Use make shift tent city. The cost will be lot less, full adventure and ur money goes into village economy
Let's take a wild example
pick a river side in village. At two ends of river, one side is groom party and other side is Bride party. The travel is by decorated boats. now expand this idea. In High society style U can call it destination wedding
Why just follow those high end over priced Marriage venues
😎 Now you know why I am bullish on Village Tourism?
Dr G Pradhan
The Economics of Sanatani Wedding in Bharat and how it spin the economic wheel
38 Lakh marriages are to generate Rs 4.74 Lakh Crore business in Bharat. Lot more then Deepawali
After a successful Deepawali season, Confederation of All India Traders predicted a huge retail business till next month.
In 2022, 32 Lakh weddings occurred at the same time and trade clocked Rs 3.75 Lakh Crore.
Over 4 Lakh weddings are set to happen in Delhi alone resulting in a business of Rs 1.25 Lakh Crore.
There are 8 types of weddings taking place in India with expenses starting from Rs 3 Lakh, Rs 6 Lakh, Rs 10 Lakh up to Rs 50 Crore where expenses jumped 15% to 20% YoY.
Here are top 9 goods and services contributing to the big wedding business:
Jewellery - 15%.
Tent decoration - 12%.
Textiles - 10%.
Catering - 10%.
Electronics and durables - 5%.
Dry fruits, and sweets -5%.
Event management - 5%.
Grocery and vegetables - 4%.
Gift items - 4%.
Hotels, marriage venues, travel, photography, music, lights, sound and other services have also pushed the wedding sector to a new high.
Sustainability theme has become a new addition.
As a luxury, international travel and innovative approaches are on trend, Indians’ favourite cities to wed are Dehradun, Mussoorie, Mahabalipuram, Siliguri, Mumbai, Udaipur, and many others.
Goa and Rajasthan are 2 top choices.
Brands like Mariott, Hilton, Taj Hotels, DLF Limited, Titan, jewellery and other travel companies are aiming for blockbuster sales during this season.
Indian Govt’s “I do weddings in India” initiative and taxation also kept and brought more people to Bharat for marriage.
Now I know some will jump and give excuse of Middle Class. For them I suggest use innovation, which can have low cost but life long memory
In place of Mariott, Hilton, Taj Hotels, DLF Limited why not pick Village side. Yes marriage in village in village style. Use make shift tent city. The cost will be lot less, full adventure and ur money goes into village economy
Let's take a wild example
pick a river side in village. At two ends of river, one side is groom party and other side is Bride party. The travel is by decorated boats. now expand this idea. In High society style U can call it destination wedding
Why just follow those high end over priced Marriage venues
😎 Now you know why I am bullish on Village Tourism?
Dr G Pradhan
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