Wedding season, 40 days long wedding season will bring a boom in the market, revenue will be Rs 3.75 lakh crore

Wedding season, 40 days long wedding season will bring a boom in the market, revenue will be Rs 3.75 lakh crore

Wedding season (wedding season): According to the CAT report, there will be about 32 lakh marriages in the country during the 40-day wedding season, in which there will be a business of about Rs 3.75 lakh crore. Let us know how the market will be.

How many weddings, how many business and expenses

According to the Cat Research and Trade Development Society, about 5 lakh weddings during the season are estimated to cost Rs 3 lakh each while about 10 lakh weddings cost about Rs 5 lakh each. 10 lakh for ten lakh weddings, Rs 25 lakh for 5 lakh weddings, Rs 50 lakh for 50,000 weddings and another 50,000 weddings costing Rs 1 crore or more. About 3.75 lakh crore rupees will flow into the markets from the purchase of weddings.

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Wedding season, 40 days long wedding season will bring a boom in the market, revenue will be Rs 3.75 lakh crore

on which goods How much cost It happens

Merchants keep all arrangements with them up to date to meet the expected rush of customers. He said about 20 percent of the expenses of any wedding go to the bride and groom, while 80 percent of the expenses go to other third parties involved in organizing the wedding. Kat said that a lot of expenses have been spent on repairing houses before the wedding season. Apart from this, jewelry, saree, lehenga, furniture, ready-made garments, clothes, footwear, wedding and greeting cards, dried fruits, sweets, fruits, puja material, grocery, food grains, decoration items, home decoration items, electric utility, electronics and many gift items etc. are in general demand and are expected to do good business this year.

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Wedding season, 40 days long wedding season will bring a boom in the market, revenue will be Rs 3.75 lakh crore

This wedding season, their business will also increase

Banquet halls, hotels, open lawns, community centers, public parks, farms and many other types of venues are fully prepared for weddings across the country. Each wedding, in addition to the purchase of props, also includes a variety of services, including tent decorators, flower arrangements, tableware, catering service, travel service, taxi service, reception professionals, vegetable vendors, photographers, videographers, orchestras. DJs, horses for the procession, chariots, lights and many other services are likely to do big business this time. In addition, event management has also emerged as a great business prospect.