Wedding Market In India

Many wedding planners have begun to charge up to 15 of the wedding budget as their consultation fee. On a recent trip to india to explore the countrys sizable wedding market bof editor in chief imran amed spoke to top designers show organisers media executives and former brides to learn why weddings are such big business in this fast rising country of 12 billion people.

The Economics Of Indian Wedding Photography Hill Post

The estimated cost of a wedding with no expenses spared could be between rs 5 lakh to rs 5 crore in india.

Wedding market in india. The wedding planning market in india is expected to hit rs 16 trillion by the year 2020. It continues to grow rapidly at a rate of 25 30 annually. Of indian marriages in a year.

According to a report by kpmg in 2017 the indian wedding industry is estimated to be around 4050 billion in size. Weddings in india vary according to the region the religion the community and the personal preferences of the bride and groom. The big indian wedding market often considered recession proof is estimated to be around 40 50 billion in size according to a kpmg report last year.

And it is growing at an estimated 20 per cent a year. According to the 2011 census the uk has an indian population of more than 14 million so its no wonder that the indian wedding industry is booming in the uk. While the industry is very unorganised with small and medium scale businesses there are also corporates who are trying to tap this industry.

The indian wedding market is estimated at 50 billion around 33000 crore the worlds second largest after the 70 billion us market. Currently the indian wedding industry is over rs 100000 crore and is growing at 25 to 30 per cent annually. World wedding forum facilitates hotels from across the world to access the untapped usd 5 billion destination wedding market of india which is growing at a rapid rate of 30 every year.

The wedding market in india. Spread over the twin capitals of india delhi the national capital and mumbai the financial capital the event offers productive one on one meetings with. Weddings is a major business in india.

Recession resistant wedding industry in india wedding market in india is the fastest growing market and it is recession proof unlike other industries in india. It is the second largest wedding market after usa which is at 70 billion. They are festive occasions in india and in most cases celebrated with extensive decorations colour music dance costumes and rituals that depend on the community region and religion of the bride and the groom as well as their preferences.

The national indian wedding industry trends and analysis. The estimated cost of a luxury wedding could be between rs 2 crore to rs 25 crore annually. On sunday january 8 hundreds of.

The indian wedding industry.

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