1 year, 2 months ago
CAIT estimates ₹4.25 trillion business from 23 days of Indian wedding season
Live MintThe Confederation of All India Traders estimates a business worth ₹4.25 trillion in just 23 days of this year's Indian wedding season. In the period between November 23 and December 15, around 3.5 million weddings are expected to be held, as per a survey conducted by CAIT Research & Trade Development Society. In the comparable period last year, a total of around 3.2 million weddings were held, resulting in a business of ₹3.75 trillion, the report added, citing the survey. Among the total weddings, an estimated 50,000 will fall in the luxury category, with expenses of ₹1 crore or more, CAIT national president B C Bhartia and secretary general Praveen Khandelwal reportedly said.
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