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
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
on wedding jewellery, this is 12% of total jewellery market.
is also bought every year
is spent on wedding cards every year.
While tents and pandals expenses constitue
Indians spend large part of lifetime savings in wedding.
20% of their life income
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.
End of the great American dream for