The wedding season will begin in the next 40 days. The country’s economy is expected to receive a big boost this season. The estimated figure that has come out is about Rs 2.25 lakh crore more than last year. Of which only a quarter of the business is expected to come from the country’s capital, Delhi. According to statistics, this time the economy is expected to get a boost of around Rs 6 lakh crore during the wedding season. In which a quarter of the business will be in Delhi only. We also tell you what kind of figures have come out.
Business worth Rs 5.9 lakh crore
According to a report by the Confederation of All India Traders (CAT), around 48 lakh marriages are expected to take place across the country in the upcoming wedding season. In which there may be a business of Rs 5.9 lakh crore. What is special is that 4.5 lakh marriages are expected to take place in the country’s capital Delhi alone. In which there may be a business of Rs 1.5 lakh crore. According to the CAT report, the retail sector is expected to benefit the most during the wedding season. In this, Indian products can outperform foreign products.
Emphasis on local products.
CAT national general secretary and MP Praveen Khandelwal said this study has shown that consumers are giving maximum preference to Indian products, confirming Prime Minister Narendra Modi’s call for a “local” and self-reliant India. Khandelwal said this year there is a new trend of increasing spending on wedding-related social media services.
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There will be 48 lakh marriages in the country.
According to the statement, 48 lakh marriages are expected to take place across the country in the wedding season starting November 12. This will result in a turnover of Rs 5.9 lakh crore, showing a significant increase from last year’s Rs 4.25 lakh crore. The release said that major business sectors expected to witness significant growth in Delhi include textiles, jewellery, banquet halls, hotels, event management and catering services.
