The one ceremony that is famous all over the world is 'marriage' which is more of like a business nowadays. Here I would like to discuss how the wedding industry has boomed in 'India' alone as this is a field who people rarely think and is one of the most 'profit' oriented business.
The wedding business in India alone costs Rs 100,000 crore and is growing at 25 to 30% annually. The estimated cost of a wedding with no expenses spared could be anywhere between Rs 5 lakh to Rs 5 crore(excluding wedding oversees by Indians) in India.
No. of Indian marriages in a year: Approx 1,00,00,000
The wedding business in India alone costs Rs 100,000 crore and is growing at 25 to 30% annually. The estimated cost of a wedding with no expenses spared could be anywhere between Rs 5 lakh to Rs 5 crore(excluding wedding oversees by Indians) in India.
Indian wedding market worth: Rs 100,000 to Rs 110,000 crore
Gold and diamond jewelry market worth: Rs 60,000 crore
Apparel market (wedding) worth: Rs 10,000 crore
Durable goods market worth: Rs 30,000 crore
Hotel and other wedding related market worth: Rs 5,000 crore market
Pandhal/Stage and venue decoration market: Worth Rs 10,000 crore
Favorite honeymoon destinations: Goa, Jaipur and Udaipur
Goa wedding cost: Between Rs 1 crore to 1.5 crore
Jaipur wedding cost: 1 to 2 crore
Wedding cost in metropolitan cities: Between Rs 25 lakh to 70 lakh
Wedding invitation card market : Worth Rs 10,000 crore annual
Bridal Mehendi market in India: Worth Rs 5000 crore
Item-wise expenses on Indian weddings
Gold and diamond jewelry market worth: Rs 60,000 crore
Apparel market (wedding) worth: Rs 10,000 crore
Durable goods market worth: Rs 30,000 crore
Hotel and other wedding related market worth: Rs 5,000 crore market
Pandhal/Stage and venue decoration market: Worth Rs 10,000 crore
Favorite honeymoon destinations: Goa, Jaipur and Udaipur
Goa wedding cost: Between Rs 1 crore to 1.5 crore
Jaipur wedding cost: 1 to 2 crore
Wedding cost in metropolitan cities: Between Rs 25 lakh to 70 lakh
Wedding invitation card market : Worth Rs 10,000 crore annual
Bridal Mehendi market in India: Worth Rs 5000 crore
Item-wise expenses on Indian weddings
Dinner cost: Rs 700 to 1000 per person
Stage or/and pandhal decoration cost: Rs 10,000
Bridal designer saree/lenhga cost: Between Rs 10,000 to 50,000
Designer shervani cost: Rs 15,000 to Rs 40,000
Wedding invite cost: Rs 500 to Rs 1500 per card
Bridal make up cost: Between Rs 5000 to Rs 50,000
Bridal Mehndi cost: Between Rs 1000 to Rs 5000
Stage or/and pandhal decoration cost: Rs 10,000
Bridal designer saree/lenhga cost: Between Rs 10,000 to 50,000
Designer shervani cost: Rs 15,000 to Rs 40,000
Wedding invite cost: Rs 500 to Rs 1500 per card
Bridal make up cost: Between Rs 5000 to Rs 50,000
Bridal Mehndi cost: Between Rs 1000 to Rs 5000
