The Indian wedding industry size of approximately Rs 10 lakh crore (USD 130 billion) is second only to food and grocery, with an average Indian spending twice on marriage ceremony than education, a report said.
India sees 80 lakh to 1 crore weddings annually compared to 70-80 lakh in China and 20-25 lakh in the US. "The Indian wedding industry is nearly double the size of the industry in the US (USD 70 billion), albeit smaller than China (USD 170 billion)," brokerage Jefferies said in a report.
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