Curated By: Business Desk
Last Updated: October 19, 2023, 12:31 IST
The well-liked marriage ceremony locations might be Goa, Jaipur, Kerala and Shimla.
The Rs 4.25 lakh crore income in purchases and companies might be generated between November 23 and December 15.
The Confederation of All India Traders (CAIT), India’s apex commerce physique, lately mentioned that it’s anticipating companies to earn a whopping Rs 4.25 lakh crore this marriage ceremony season. It can be the best ever incomes until now. It has been mentioned that the enterprise might be earned in simply 23 days of this 12 months’s Indian marriage ceremony season.
CAIT Secretary General Praveen Khandelwal, on X, knowledgeable that just about 3.5 million weddings are scheduled to generate a powerful Rs 4.25 lakh crore in purchases and companies between November 23 and December 15.
CAIT Secretary General Khandelwal tweeted, “Wedding season first spell from 23 November to 15 December is all set to bring cheers to the trading community. @CAITIndia expects a biz of about Rs 4.25 lakh crore in wedding trade this year. About 35 lakh weddings are estimated to be solemnised during this period in #Bharat,” he added.
Wedding season first spell from 23 November to fifteen December is all set to convey cheers to buying and selling neighborhood.@CAITIndia expects a biz of about Rs 4.25 lakh crore marriage ceremony commerce this 12 months.About 35 lakh weddings are estimated to be solemnised throughout this era in #Bharat @PMOIndia… pic.twitter.com/zCrg9QW5PQ
— Praveen Khandelwal (@praveendel) October 17, 2023
On the opposite hand, IPO India mentioned the common marriage ceremony expense in India, this 12 months, is estimated to be Rs 5 lakh. It added that the most well-liked marriage ceremony locations might be Goa, Jaipur, Kerala and Shimla. “The most popular wedding trends in India include destination weddings, themed weddings, and eco-friendly weddings,” IPO India added.
CAIT, in its assertion, additionally highlighted that round six lakh weddings will happen with an estimated expense of RS 3 lakh per marriage ceremony within the coming months whereas the funds vary for different marriages will exceed as much as as excessive as Rs 1 crore per marriage ceremony. Acharya Durgesh Tare, the Chairman of CAIT’s Spiritual and Vedic Knowledge Committee mentioned, “November 23, 24, 27, 28, and 29 are auspicious dates for solemnising marriages, followed by December 3, 4, 7, 8, 9 and 15. The next phase of the wedding season will begin mid-January of 2024 and go on till July of that year.”
It is pertinent to notice that round 32 lakh weddings occurred final 12 months with complete bills reaching as much as Rs 3.75 lakh crore. The information means that round 3.5 lakh weddings will happen in Delhi itself, producing a enterprise value almost Rs 1 lakh crore.
