According to CAIT, over 4 lakh weddings are expected to be held this season in Delhi alone generating a business of about Rs 1.25 lakh crore.
After witnessing record-breaking sales in Diwali, India’s business community is all set to cater to the demands of the upcoming wedding season starting November 23.
According to the Confederation of All India Traders (CAIT), there might be business worth Rs 4.74 lakh crore in mainline retail consisting both goods and services with about 38 lakh weddings across India.
Last year around 32 lakh weddings took place in the same period and trade was estimated at Rs 3.75 lakh crore. The wedding season begins on November 23 on Dev Uthan Ekadashi. The wedding season will continue until December 15. In November, the auspicious dates are 23,24,27,28 and 29. In December, the wedding dates are 3,4,7,8,9 and 15.
After this period, weddings will again be held only from mid-January and continue till July 2024. The CAIT consulted prominent trade bodies of 30 various cities of different states which are known as distribution centres and different stakeholders both in goods and services. It is estimated that around 38 lakh weddings will be solemnised across the country. According to CAIT, the 38 lakh weddings are expected to infuse about Rs 4.74 lakh crore into the market, reflecting both wedding-related purchases and the procurement of various services. CAIT national president BC Bhartia and secretary general Praveen Khandelwal said in Delhi alone, over 4 lakh weddings are expected to be held in this season. These weddings are likely to generate a business of about Rs 1.25 lakh crore.