India's Wedding Industry: The Second Largest in the Country
The Indian wedding industry, valued at $130 billion, is the country's second-largest industry after food and groceries. Explore the economic impact and spending trends of Indian weddings.
India's wedding industry has emerged as the country's second-largest, valued at $130 billion. This makes it a significant economic force, surpassing even the education sector in terms of spending. On average, an Indian wedding costs around 12.5 lakh rupees, about five times the per capita GDP. This industry heavily influences various sectors like jewelry, catering, apparel, and travel, with jewelry accounting for the largest expenditure at 25%. The industry's scale and impact underline the blend of tradition and business in Indian weddings.