The business will come from purchases and various services in the wedding market, as per a survey conducted by the research arm of CAIT with traders and service providers of 20 different cities across the country. Last year, around ₹3.2 million weddings took place during the same period, generating business of about ₹3.75 trillion.
"More than 350,000 weddings are expected to take place this season in Delhi alone, which is likely to generate a business of about 1 trillion in the national capital itself," says CAIT Secretary General Praveen Khandelwal.
The auspicious wedding dates in November are 23-24 and 27-29, and 3-4, 7-9 and 15 in December. The next phase of the wedding season will start from mid-January and will continue till July next year. The industry will also see an unprecedented demand for hotel bookings, ethnic wear, wedding planners and jewellery sales that will set the cash registers ringing.
This year, the preparation for the wedding season is coinciding with the festive celebrations so retailers anticipate a high demand for Indian ethnic wear and accessories categories.
Bu hikaye Financial Express Mumbai dergisinin October 21, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin October 21, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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