The Confederation of All India Traders (CAIT) expects this year’s wedding season, spanning from November to December, to generate a staggering Rs 5.9 trillion in business, driven by an estimated 4.8 million weddings
The Indian wedding industry is set for remarkable growth in 2024, with projections indicating a surge in both the number of weddings and spending.
The sector is benefiting from an uptick in luxury spending and a shift toward more personalized celebrations. Many couples are opting for higher-end goods and services, including destination weddings, wedding technology, and tailored experiences
This growth is also supported by the rise of financially independent millennials who actively contribute to wedding expenses, and an evolving preference for local goods
In addition to traditional elements like apparel, jewelry, and catering, newer sectors like social media services for curated digital wedding content are becoming significant contributors.
The wedding season is also expected to generate a boost for India's retail sector, benefiting from a combination of wedding spending and ongoing festivals
This robust expansion underlines how the Indian wedding market continues to evolve, becoming a major economic engine with long-term growth prospects.