CAIT expects Rs 4.74 lakh crore in wedding season spending this year. That’s over Rs 1 lakh crore higher than last year, reflecting economic and retail commerce optimism…
The Confederation of All India Traders (CAIT) expects approximately 38 lakh marriages and Rs 4.74 lakh crore in wedding spending from November 23 to December 15. The traders’ group reported on Tuesday (November 21) that consumer wedding and service spending is about Rs 1 lakh crore higher than last year.
Trade bodies in 30 cities across states and products and services stakeholders informed the CAIT’s calculations.
“Rs 4.7 lakh crore will be spent on 38 lakh weddings from November 23 to December 15,” stated CAIT Secretary General Praveen Khandelwal.Nearly 32 lakh weddings cost Rs 3.75 lakh crore last year. He anticipated a Rs 1 lakh crore expenditure boost this year, benefiting the Indian economy and retail sector.
Khandelwal expected 4 lakh Delhi weddings this season, earning Rs 1.25 lakh crore.
Conclusion
The Confederation of All India Traders (CAIT) forecasts approximately 38 lakh marriages and Rs 4.74 lakh crore in wedding spending from November 23 to December 15. Consumer spending on weddings and services is about Rs 1 lakh crore higher than last year. Inputs from trade bodies in 30 cities across states and products and services stakeholders informed the estimations. This year, CAIT Secretary General Praveen Khandelwal stated expenditure climbed by Rs 1 lakh crore, boosting the Indian economy and retail commerce.
