A recent Jefferies note estimates spends on the 'big fat Indian wedding' at nearly 10 trillion ($130 billion) each year higher than the annual wedding spend in the United States (US) pegged around $70 billion, but lower than China ($170 billion). If it were a consumption category in itself, the 'big fat Indian wedding', Jefferies said, would rank as the second largest, only behind food and groceries.
The current average expenditure per wedding of around 12 lakh, Jefferies said, is 5x India's gross domestic product (GDP) per capita of $2,900. It is 3x greater than the average annual household income of around 4 lakh. Compared globally, India's wedding spend-toGDP ratio is at 5x, significantly higher than several other countries.
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