Understand how Indians spend money in Weddings
An average Indian spends a minimum of 20 Lakh Rupees for a wedding.
But the same average Indian earns 91K per year
$ 50B
The wedding market is worth $50 billion, and there are more than 100 million weddings in India every year, with a growth rate of 20%.
70% of weddings fall in
“low cost” category
But high and elite (combined 7%) weddings spend is
more than what these 70%
of weddings cost
Indians spend around
$7 Billion
on wedding jewellery, this is 12% of total jewellery market.
Apparels worth
$1.25 Billion
is also bought every year
Around
$1 Billion
is spent on wedding cards every year.
While tents and pandals expenses constitue
$1.25 Billion
in expenses
A large
Indians spend large part of lifetime savings in wedding.
Around
20% of their life income
on Weddings
20% of total loans
in India are taken to meet wedding expenses.
Average minimum size of Indian wedding is 524
Around $12.5 Billion is spent on wedding gifts for couples
Despite all this India isn’t the largest market for weddings. USA due to high divorce rate and remarriages tops the list.
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