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INDIA TO SPEND RS 4.25 LAKH CRORE ON 35 LAKH PLANNED WEDDINGS IN NOV-DEC: REPORT
The Daily Guardian
|September 19, 2024
India's wedding and festive season boosts spending on premium services like airlines and hotels, increasing company profits and supporting economic growth.
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India will spend Rs 4.25 lakh crore on a projected 35 lakh weddings planned between November to mid-December, says a report by PL CapitalPrabhudas Lilladher.
"India is projected to host another 35 lakh weddings between November and mid-December alone, up from 32 lakh weddings during the same period in 2023. This is expected to contribute approximately INR 4.25 lakh crore." the report said.
The report titled "Band Baaja Baarat & Markets" says the cut in import duty of gold in the July budget will give an impetus for bigger spending during the festive and wedding season.
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