Synopsis
Encouraged by the vigorous business in the festive season of Diwali this year, the Confederation of All India Traders (CAIT) expects a robust business during the wedding season starting this month. CAIT expects more than 1.5 lakh weddings to take place in this season in Delhi, which is likely to generate a business of about Rs 50,000 crore.
Due to Covid and very few Muhurt days of weddings and the restrictions imposed by the government, marriages were held on a very small scale and in small numbers resulting in a very dull market in the past wedding seasons.
Encouraged by the vigorous business in the festive season of Diwali this year, the Confederation of All India Traders (CAIT) expects a robust business during the wedding season starting this month.
"It is expected that from November 14, the day of Dev Uthan Ekadashi till December 13, around 25 lakh wedding will be solemnised across the country with a massive flow of about Rs 3 lakh crore by way of wedding purchases and related services," said CAIT in a release.
CAIT expects more than 1.5 lakh weddings to take place in this season in Delhi, which is likely to generate a business of about Rs 50,000 crore.
Due to Covid and very few Muhurt days of weddings and the restrictions imposed by the government, marriages were held on a very small scale and in small numbers resulting in a very dull market in the past wedding seasons.
CAIT National President BC Bhartia said that in view of the good business prospects of the wedding season, traders across the country have made elaborate preparations, as they will want to continue the sentiments emanated from just concluded record business figures of Diwali this year.
Praveen Khandelwal, general secretary, CAIT said that large business has happened in the repair of houses and paint of the houses before the wedding season. "Apart from this, jewelry, sarees, lehenga-chunni, readymade garments, clothes, footwear, wedding and greeting cards dry fruits, sweets, fruits, worship items, grocery, food grains, decoration items, electrical utility, electronics, and many gift items, etc are usually in demand and it is expected to do good business this year," he said.
"Hotels, open lawns, farmhouses, and many other types of places for weddings are fully prepared across the country including Delhi. A wide variety of services including tent decorators, flower decorations, crockery, catering service, travel service, cab service, welcoming professional groups, vegetable vendors, photographers, Videographer, Band-Baja, Shehnai, Orchestra, DJ, horses for the procession, wagons, lights and many other types of services are likely to do big business this time," said Khandelwal.
He added, "In this one month marriage season, about 5 lakh weddings will have an estimated expenditure of Rs 2 lakh per wedding, while in about 5 lakh weddings the cost per wedding will be around 5 lakh per wedding, 10 lakh weddings will cost 10 lakhs per marriage, 4 lakhs marriages will cost 25 lakhs per marriage,50 thousand marriages will have 50 lakhs expenditure per wedding and 50 thousand marriages will be such in which 1 crore or more money will be spent! Overall in this one-month wedding season around Rs 3 lakh crore will flow through the wedding purchases in the markets."
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