look news india
Indian marriage expenses news: In India, the amount spent on weddings is many times more than the amount spent on education. The Indian wedding industry is estimated to be worth Rs 10 lakh crore, second only to the food and grocery industry. According to a report, Indians spend twice as much on weddings as they do on education.
According to the report, 80 lakh to 1 crore weddings take place every year in India, while the number is 70 to 80 lakh in China and 20 to 25 lakh in the US. According to a report by brokerage firm Jefferies, the Indian wedding industry is almost double the size of the US industry (US$ 70 billion). However, it is smaller than China (US$ 170 billion). Weddings are the second largest consumption category in India, if weddings were also considered a category, it would be the largest category after food and grocery (US$ 681 billion).
In India, weddings cost more than other countries, the reason behind which is considered to be ornaments and jewellery. However, spending on weddings also benefits the jewellery and apparel market and indirectly the auto and electronics industries. However, spending more on marriage than education is also considered unfair. Because in countries like America, more money is spent on education than marriage. In America, half of the education is spent on marriages. Whereas in India, twice the amount is spent on marriage than education.
