'The Big Fat Indian 'Paychecks': Wedding industry drives consumption & economic boom
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The Indian wedding industry is a $130 billion industry, ranking second only to food and grocery. The average expenditure on a wedding is around $15,000, with Indian couples spending twice as much on weddings compared to education. The current average expenditure per wedding is around $14,500, which is five times India's per capita GDP and three times the average annual household income. Weddings in India involve five to six functions, hotel accommodations, catering, décor, and entertainment. The industry is highly diversified, benefiting small-scale businesses and individual service providers. Prime Minister Narendra Modi has urged people to explore destinations within India for weddings.

#WeddingIndustry #Consumption #EconomicBoom #IndianWeddings

https://www.wionews.com/business-economy/the-big-fat-indian-paychecks-wedding-industry-drives-consumption-economic-boom-734884