Half Celebration During Festivals
Outlook Money|October 2020
The big, fat Indian wedding is off. But India beats the dhol with EMIs, digital gold
Yagnesh Kansara
Half Celebration During Festivals

Prashant Jadhav, a young PR professional from Mumbai, was looking forward to buy gold for his wedding in December 2020. He had planned to purchase jewellery for his bride. With the pandemic, everything has taken a back seat.

Jadhav complains, “The spread of Covid-19 and subsequent lockdown derailed my entire plan and gold prices also began to rise sharply. I have to delay my wedding for a few months because of it.”

The pandemic has taught us all one big lesson—stay grounded, stay austere and go online. When it’s a choice between life and death, everything can wait, be it festive fanfare or big fat Indian weddings.

Come October, the biggest festivals begin and go on till Christmas in December. This also happens to be an auspicious time for weddings. However, with restrictions of social distancing and shoestring budgets, everything is in a very low key.

Weddings are a big business in India. According to a report by KPMG, the US wedding industry is ranked at number one in terms of size at $70 billion annually. The Indian wedding industry is ranked second with an estimated size of $40-50 billion. And gold is an integral part of it.

However with gold prices on a surge, retail demand for gold has seen a big dent: it has slid 56 per cent in the first half of the year to 165.6 tonnes as compared to the same period last year.

Bu hikaye Outlook Money dergisinin October 2020 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

Bu hikaye Outlook Money dergisinin October 2020 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

OUTLOOK MONEY DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
The Future Of Credit Card Usage
Outlook Money

The Future Of Credit Card Usage

Credit card usage is increasing in India, but it's prudent to manage credit wisely

time-read
2 dak  |
May 2024
Liquidity Coverage Ratio Framework
Outlook Money

Liquidity Coverage Ratio Framework

At the recent monetary policy committee meeting in April 2024, Reserve Bank of India (RBI) Governor Shaktikanta Das proposed changes in the liquidity coverage ratio (LCR) framework to successfully meet liquidity risk.

time-read
1 min  |
May 2024
STRATEGIES TO HELP YOU STAY ABROAD AFTER STUDIES
Outlook Money

STRATEGIES TO HELP YOU STAY ABROAD AFTER STUDIES

More Indians are now going abroad for higher studies with plans to stay and work. But living costs, the lack of job opportunities and the burden of education loans could often pose a problem. Assess the opportunities and be practical before making such a decision

time-read
7 dak  |
May 2024
FROM SAVINGS TO SECURITY: HOW INDIANS ARE PREPARING FOR THEIR SUNSET YEARS
Outlook Money

FROM SAVINGS TO SECURITY: HOW INDIANS ARE PREPARING FOR THEIR SUNSET YEARS

The Outlook Money - Toluna Retirement Survey conducted in December-end 2023 threw light on how Indians plan and save for retirement. A growing number of Indians now understand the necessity of retirement planning, and want to enjoy their retirement years with kith and kin

time-read
4 dak  |
May 2024
Here's How To Install A Solar Panel
Outlook Money

Here's How To Install A Solar Panel

It is the season of solar panel subsidy announcements. Right after the Centre launched the PM Surya Ghar Muft Bijli Yojana to offer subsidies to 10 million households to set up rooftop solar systems, the Delhi government has announced an extra capital subsidy of ₹2,000 per kilowatt (kW) to Delhi residents for rooftop solar panel installation. Both governments have caps on subsidies. Some other states, too, offer incentives on the use of solar rooftop panels.

time-read
2 dak  |
May 2024
Master Your Own Money Choices
Outlook Money

Master Your Own Money Choices

Instead of judging others, have clarity about what you want from your money, where you want to spend it and how you want to feel about it

time-read
4 dak  |
May 2024
3 THINGS TO CHECK BEFORE YOU EXIT YOUR POLICY
Outlook Money

3 THINGS TO CHECK BEFORE YOU EXIT YOUR POLICY

If you think that the insurance policy you bought doesn't quite align with your goals, you may surrender it. But that comes at a cost. Here's why you should do the calculations

time-read
4 dak  |
May 2024
Small And Mid Cap Rally: Be Wary
Outlook Money

Small And Mid Cap Rally: Be Wary

You may include small- and mid-caps in your portfolio for diversification, but understand that they may not replicate last year's returns and are relatively more volatile

time-read
4 dak  |
May 2024
HOW TO MAKE SENSE OF THE GOLD RUSH?
Outlook Money

HOW TO MAKE SENSE OF THE GOLD RUSH?

The precious metal has been on an upward rally for the last couple of years due to factors as diverse as geopolitical conflicts, bulk buying by central banks, and hope of rate cuts, of late. The key, therefore, is to invest in gold in a staggered manner

time-read
5 dak  |
May 2024
'People Are Normal. They Are Sometimes Ignorant But They Are Not Stupid'
Outlook Money

'People Are Normal. They Are Sometimes Ignorant But They Are Not Stupid'

Meir Statman, the Glenn Klimek Professor of Finance, Leavey School of Business, Santa Clara University, California, is the second generation of behavioural finance experts who refused to label people as \"irrational\" and instead called them \"normal\". In his latest book, A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, he expands the circle of finance to include life well-being and shows how they are inextricably intertwined. As part of an interview series, 'Wealth Wizards: Money Maestros in conversation with Nidhi Sinha, Editor, Outlook Money', Statman spoke about his research, and explained concepts through anecdotes that can help you take balanced decisions. Edited excerpts:

time-read
10+ dak  |
May 2024