Wedding Season 2023: More than 70 lakh marriages likely to happen in next six months, estimated to cost Rs 13 lakh crore

Wedding Season 2023: More than 70 lakh marriages likely to happen in next six months, estimated to cost Rs 13 lakh crore

Representational Image (Photo Credit: Pixabay)

New Delhi, January 12: With the commencement of the next phase of the wedding season from January 15, the business community across the country is very excited and is expecting better business prospects. The wedding season will start from 15 January till 27 June. There are 53 marriage auspicious times this time and as per the estimates of the Confederation of All India Traders (CAIT), around 70 lakh marriages will be performed across the country during this period, including about 13 lakh wedding shopping and various wedding events. Lakh crores of rupees will be spent. Retail Inflation Rate: Big relief to general public, lowest inflation rate in 1 year

It is estimated that more than 7 lakh marriages will take place in Delhi alone with an estimated expenditure of Rs 1.25 lakh crore. During November-December last year, 32 lakh marriages were conducted across the country by spending Rs 3.75 lakh crore.

CAT National President B.C. Bhartia and General Secretary Praveen Khandelwal told that in the coming marriage season, in about 10 lakh marriages, an estimated Rs. Rs 15 lakh will be spent per marriage, Rs 25 lakh per marriage for 10 lakh marriages, Rs 35 lakh per marriage for 10 lakh marriages, Rs 50 lakh per marriage for 3 lakh marriages, while for 2 lakh marriages each marriage will cost Rs 1 crore or is expected to exceed.

CAIT said that in view of the good prospects of business in the wedding season, traders across the country have made extensive preparations, they want to continue the sentiment emanating from the record business figures of last year’s wedding season.

wedding season 2023 more than 70 lakh marriages likely to happen in next six months in india

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