Wedding season in India to generate Rs 6 lakh crore in business!

Delhi’s economy is set to witness a significant boost this wedding season, with an estimated ₹1.5 lakh crore in revenue expected from 4.5 lakh weddings scheduled between November and December. The ongoing wedding season, spanning October to December, is driving record-breaking business across consumer-facing sectors, including jewellery, hospitality, retail, and automobiles.

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Nationwide, approximately 48 lakh weddings are projected during this period, significantly higher than last year’s 38 lakh. This surge, fueled by an increase in auspicious dates—from 11 last year to 18 this year—is propelling consumer spending to unprecedented levels. Industry estimates suggest that the November-December period will generate ₹6 lakh crore in business across India, compared to ₹4.7 lakh crore during the same time in 2023.

The jewellery sector is experiencing particularly strong growth, buoyed by a reduction in customs duty on gold, which has encouraged higher spending on wedding jewellery. Additionally, hospitality and retail sectors are seeing robust demand, as families spend on venues, catering, apparel, and gifts.

While the wedding season is proving to be a windfall for Delhi’s economy and beyond, sustaining this momentum post-December will be a challenge for businesses. However, the unprecedented revenue figures underscore the economic significance of India’s wedding market.