This time there will be 38 lakh marriages in the country, business worth Rs 4.74 lakh crore! – The Daily Connection

After record breaking sales in the Diwali festive season, the business community of the country is all set to meet the consumer demand in the upcoming wedding season starting from November 23 in the country. Hopefully in the upcoming wedding season, which starts from November 23. This season, about 38 lakh weddings will take place across the country, through which the country’s mainline retail trade is likely to generate business worth Rs 4.74 lakh crore, including goods and services.

During the same period last year, about 32 lakh marriages took place and business worth Rs 3.75 lakh crore was estimated. The wedding season is starting tomorrow from Devuthan Ekadashi, 23rd November, which will continue till 15th December and according to the calculations of the stars, the wedding dates in November are 23,24,27,28,29, whereas in the month of December, the wedding dates are 3. ,4,7,8,9 and 15 are auspicious days for marriage.

Hope for the country’s businessmen

This was estimated after the Confederation of All India Traders (CAIT) spoke to leading trader organizations and various stakeholders in both goods and services in 30 different cities of different states, known as major distribution centres. It is estimated that around 38 lakh weddings are likely to take place this season across the country and a huge business of around Rs 4.74 lakh crore is expected to be generated through people shopping for weddings and availing various wedding services.

Business worth Rs 1.25 lakh crore in Delhi

CAT National President BC Bhartia and National General Secretary Praveen Khandelwal said that more than 4 lakh marriages are expected to take place in Delhi alone this season, which is likely to generate business of about Rs 1.25 lakh crore. Based on the estimates made by CAT, both Bhartia and Khandelwal said that during this season, around 7 lakh marriages will be conducted at an expenditure of Rs 3 lakh, 8 lakh marriages will be conducted at an expenditure of Rs 6 lakh, 10 lakh marriages will be conducted at an expenditure of Rs 10 lakh. 7 lakh weddings are expected to happen with an expenditure of Rs 15 lakh, 5 lakh marriages with an expenditure of Rs 25 lakh, 50 thousand marriages with an expenditure of Rs 50 lakh and 50 thousand marriages with an expenditure of Rs 1 crore or more.

their sales will increase

Bhartia and Khandelwal state that typically 50% of the expenditure on a wedding is spent on the purchase of goods and 50% on the purchase of services. At a glance, the approximate percentage of trade in merchandise sector is 10% in Textiles, Sarees, Lehenga and Garments, 15% in Jewelery, 5% in Electronics, Electricals and Consumer Goods, 5% in Dry Fruits, Fruits Sweets and Namkeens, Food grains, There is a possibility of business of 5% in grocery and vegetables, 4% in gift items and the remaining 6% in other miscellaneous items.

There will be excitement here too

As far as the service sector is concerned, it is estimated to be 5% on banquet halls, hotels and other wedding venues, 5% on event management, 12% on tent decoration, 10% on catering services, 4% on flower decoration, 3% The business figure has been calculated by spending 2% on travel and cab services, 2% on photo and video shoots, 3% on orchestra, band etc., 3% on light and sound and the remaining 3% on other miscellaneous services. Both Bhartia and Khandelwal said that after the wedding season, there will be Christmas and New Year sales and after that another phase of the wedding season will start from January 14, the day of Sankranti.