Band, Baja and procession… How much do weddings cost in India? You will sweat in winter after seeing these figures – Indians splurge on weddings average budget this season is over ₹36 lakh

by times news cr

New Delhi: Wedding⁤ season is going ⁢on ⁤in the country. Indian people are spending lavishly to celebrate wiht bands,‍ bajas and​ wedding processions. The average wedding budget this year is Rs 36.5 lakh, while‌ people opting for a destination wedding are spending an average of Rs 51 lakh. Roughly, weddings are set to become⁣ 7% more expensive ​in 2024 than last ⁢year. This has happened due‍ to the increase⁣ in the cost of its⁤ venue and catering. According to a study by wedding planning firm‌ Wedmigood, the cost of venue ​and catering has increased by more than 10% compared to last year. Shashank Gupta, founder and director of wedding‍ planning firm⁣ TaylorMade Experience, said that everyone wants the best wedding. People are spending the​ most on venues. After that on food and a good planning agency. Most families in India budget most for home buying and their children’s weddings. Money is no problem for the rich. They are⁤ spending lavishly on weddings.

Budget of more than 1​ crore

The budget of weddings of the rich is more than ​Rs ⁣1 crore. Most⁢ of such weddings are organized as destination weddings. Everything from invitations to decorations and organizing is themed.‌ Young couples are bringing many new things into the marriage. Mehak ⁣Sagar shahani, co-founder of Wedmigood, said the ⁤nature of weddings has changed. ‍People are spending ⁣money on new‍ things. for example, the new⁤ generation couples are hosting cocktail mixing, gaming sessions, setting up top up restaurants at the venues. Many⁣ couples ⁣are also offering themed welcome dinners which⁢ are a ‌western concept.

The ⁣trend⁣ of personalized ​and experimental weddings ⁤has ‌helped new-age businesses gain a‍ foothold.Gupta said new age artists and caterers are finding opportunities as couples are spending more on personalized experiences. According to CAIT estimates, 48 ​​lakh marriages ⁢are going to take place in November-December which will⁢ generate a business of Rs 6 lakh crore.Weddings account for a‍ major share of retail sales in India. This is expected to⁤ increase business. Social media and people’s desire to​ have ‘Instagrammable’ photos is also boosting the wedding business.

How is the Indian wedding industry adapting to the preferences of younger couples?

Interview with Shashank Gupta, Founder of TaylorMade Experience: Insights on the Lavish Indian Wedding Industry

Published‌ by Time.news

Time.news‍ Editor: Welcome, Shashank! With wedding season ⁣in full swing⁤ and reports showing that Indian weddings are becoming increasingly extravagant, can you give us an overview of current trends in wedding budgets?

Shashank Gupta: Thank you for‍ having me! Absolutely. This year, the average wedding budget is around Rs 36.5 lakh, with destination ⁣weddings pushing that‍ figure up to Rs⁤ 51 lakh. We’re seeing an overall increase of about‍ 7% in wedding⁤ costs for 2024 citing rising venue ⁢and catering​ expenses as primary contributors. this trend signals that weddings are still a top priority for families ​in India.

Time.news Editor: Interesting! why do ⁣you think⁤ couples are ⁣willing to ⁤spend so much, ⁤especially on venues‍ and catering?

Shashank‌ Gupta: ‍In India, weddings are one of the most significant life events. Families often consider weddings alongside home buying as ⁢their top financial‍ priorities. The push for lavish celebrations with ⁣band baaja and themed decor is⁢ not just a reflection of cultural‍ expectations but also a means to express status and personal style. As the saying goes, “The ⁣best wedding” is ⁤a mantra many adhere to.

Time.news Editor: Speaking of themes, how has the landscape‌ of weddings changed recently, notably with the younger generation?

Shashank Gupta: The nature of weddings has indeed evolved.Young couples are increasingly opting for ‌personalized and modern experiences. Rather of conventional elements, couples now spend ⁤on cocktail mixing sessions and themed welcome dinners, which were previously more Western​ concepts. This‌ shift opens up new opportunities ⁣for innovative ‌vendors, allowing for greater creativity in wedding planning.

Time.news Editor: You mentioned personalization. How are ‍new-age businesses leveraging this trend?

Shashank Gupta: New-age artists, caterers, and planners are capitalizing on the ⁣demand for personalized wedding experiences. Couples desire unique, Instagrammable ⁤moments that reflect their own personalities. This demand drives innovation and encourages a thriving marketplace, with customized decor and experiences becoming the norm.

Time.news Editor: What can you tell us ⁣about the broader impact of the‌ wedding ‍industry on ‌the Indian economy?

Shashank Gupta: Weddings ⁢considerably contribute to retail sales in India. According to estimates, around 48 lakh marriages are set to occur in the upcoming months, potentially generating a business worth Rs 6 lakh crore.As⁤ much⁤ as ‌the wedding hype is‌ visible on social media, ‌it also underscores how the industry is intertwined with various sectors, boosting ⁤everything from hospitality to retail.

Time.news Editor: what advice would ‍you⁣ give ⁤to couples planning​ their weddings this season?

Shashank Gupta: My key advice ⁢would be to set a realistic budget and‌ prioritize what matters most.With rising costs for venues and catering, ‍couples shoudl consider their must-haves ⁣versus nice-to-haves. Collaborating with experienced wedding planners can also ease the burden of management while ‌ensuring a stunning, cohesive experience. Remember, it’s about ⁣creating ‌lasting memories, not just following trends!

Time.news Editor: Thank ‌you,Shashank! Your insights shed light on this elaborate industry that continues to evolve⁣ in engaging ways.

Shashank Gupta: Thank you!​ It was a pleasure discussing these trends‍ with you. ⁢


This interview aimed to provide insights into the lavish ​Indian wedding industry, emphasizing current trends and economic impact while offering practical advice for couples planning their big day.

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