ALBAWABA - A study published by Jefferies Group in June 2024 highlighted that China’s wedding market stands out as the leading market within the wedding industry surpassing the American wedding sector.
India's wedding market expanded ever since COVID 19 pandemic and it is total cost is valued around $130 billion.
The real cost of Indian weddings
A typical Indian wedding usually costs around $15,000 which surpasses the income of a med-level Indian family.
A wedding in India (Shutterstock)
Indian weddings often lasts for several days, hosting almost 326 guests but if the wedding belongs to wealthy families and celebrities, the number will exceed to thousands of invitees and billion of dollars!
About 1,200 known individuals, such as Mark Zuckerberg and Bill Gates were present at the lavish three day wedding ceremony of Mukesh Ambani's son in the Indian city of Jamnagar last March.
Lavish weddings that cost millions of dollars are very common in India. A recent report showed that the number of Indians possessing a wealth of $30 million will exceed by 2028, which means we will be witnessing more of this super expensive wedding industry in India. More money equals more super expensive weddings.
Indians love to invest and spend on their wedding parties despite social and economic factors as they believe that wedding parties symbolize power and social status in the country.
