Anant Ambani Radhika Trader 3
Anant and Radhika, the youngest son of top Asian businessman Mukesh Ambani, are married. But it is still being discussed everywhere. Mukesh Ambani has spent money like water on his son’s wedding, making it a historic wedding all over the world. To make the marriage historic, Mukesh Ambani had started preparations about six months in advance. The Ambani family had also organised two pre-wedding functions before the marriage, which were attended by many dignitaries from India and abroad.
Celebrities from the world of business, entertainment, sports and politics also participated in the wedding functions. The marriage of Anant and Radhika has many significances in the business world. This marriage has played a major role in establishing Reliance Industries as a global brand across the world. Apart from this, the local economy has also received a boost due to the marriages in the country.
This is how the local economy benefited
According to experts, unlike other rich people, the Ambani family was hosting wedding programs only in India. This gave a boost to the local economy. Moreover, the respect for Reliance Industries as a business group has also increased among people across the world. Media across the world was keeping a close eye on this wedding that took place in the house of India’s richest man and the guests who attended it. Many global superstars including Justin Bieber, Rihanna and Rema were present at this wedding.
Most of the money went into the pockets of the Indians.
According to Business Today report, industry experts say that due to the marriages taking place in India, many local artists and entrepreneurs got jobs. This has further strengthened the brand image of Reliance among the common people. Most of the money spent on the wedding went to Indians. For this, see Banaras or Indore. During the wedding, food, clothes and wedding gifts were ordered from small villages. The country’s wedding industry has also benefited from the marriage of Anant and Radhika. This created new jobs, increased activities and put more money in the hands of the people.
1 lakh crore rupees lost
According to the Confederation of All India Traders (CAIT), around 5,000 wealthy people get married abroad every year. Due to this, opportunities worth around Rs 1 lakh crore are lost to local businessmen every year. Apart from this, the exchequer also suffers losses in taxes and duties due to these expensive weddings held abroad. 80 per cent of the expenditure on weddings is on goods and services. According to an estimate, there will be around 38 lakh marriages in the year 2024, on which around Rs 4.74 lakh crore is expected to be spent.
