Saturday , November 23 2024

Traders' eyes on wedding season, business expected to be worth Rs 6 lakh crore

These are the auspicious dates

According to Acharya Durgesh Tare, convener of CAIT Veda and Spirituality Committee, the auspicious dates for the marriage season in November this year are 12, 13, 17, 18, 22, 23, 25, 26, 28 and 29 while in December they are 4, 5. . The dates are 9, 10, 11, 14, 15 and 16. After this, there will be a break of about 1 month in the wedding season and the wedding season will start again from mid-January 2025 to March 2025. CAIT has made this estimate on the basis of data obtained from discussions with major trade organizations dealing in wedding related goods and services in 75 major cities across the country.

Big success of 'Vocal for Local' and 'Atmanirbhar Bharat' vision

Praveen Khandelwal, national general secretary of CAIT and MP from Delhi's Chandni Chowk, said the study also revealed that there has been a major change in the purchasing behavior of consumers and they now prefer to buy Indian products rather than foreign products. Which is a major success of Prime Minister Narendra Modi's 'Vocal for Local' and 'Self-reliant India' vision.

MP Praveen Khandelwal said that this prediction is based on auspicious dates, while those who do not consider wedding dates also get married on other dates, when many other events like mehendi, sangeet and engagement are also organised, which also involves heavy expenditure

According to Khandelwal, the wedding expenditure is divided between goods and services, mainly textiles, sarees, lehengas and other garments 10%, jewelery 15%, electronics, power tools and consumer durables 5%, dry fruits, Sweets and snacks. 5%, grocery and vegetables account for 5%, gift items account for 4% and other items account for 6%. On the other hand, the wedding services sector includes banquet halls, hotels and wedding venues 5%, event management 3%, tent decoration 10%, catering and services 10%, flower decoration 4%, transportation and cab services 3%. %, photography and videography at 2%, orchestra, music etc. at 3%, lighting and sound at 3% and other services at 7%.