Big fat Indian wedding drives $130 billion industry, average spend/nuptial at Rs 12.5 lakhs

The Indian wedding industry, valued at $130 billion, is the second largest in India after food and grocery. A new report by Jefferies highlights the significant economic impact of Indian weddings, which are twice the size of the US market and a key growth driver for various sectors. It estimated that the average expenditure on a wedding is around $15,000, or Rs 12.5 lakh, and an average Indian couple spends approximately twice on weddings compared to education (pre-primary to graduation).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/57YJnrB