Marriage penalty: Social norms often push Indian women to prioritise family, leading them to leave the workforce or choose lower-paying, less demanding jobs
The upcoming wedding season, starting from November 12, 2024, is projected to significantly outperform last year's Rs 4.25 trillion generated by 3.5 million weddings
Hotels booked to capacity, makeup artistes, caterers have their hands full
Imports more than tripled to 140 tons in August from the previous month, according to the World Gold Council
Anant Ambani and Radhika Merchant married on July 12 at the Jio World Convention Centre in the Bandra-Kurla Complex (BKC), Mumbai. The extravagant wedding celebrations went on till 15th July
The elite in the Land of the Dragon are refraining from ostentatious purchases, putting the nation's luxury market under strain
Anant-Radhika wedding: The wedding was attended by key Bollywood figures, former UK PMs, senior Indian politicians and reality TV star Kim Kardashian
This week we write about the money planning you need for a wedding and how to illuminate your home
The Indian wedding industry size of approximately Rs 10 lakh crore (USD 130 billion) is second only to food and grocery, with an average Indian spending twice on marriage ceremony than education, a report said. India sees 80 lakh to 1 crore weddings annually compared to 70-80 lakh in China and 20-25 lakh in the US. "The Indian wedding industry is nearly double the size of the industry in the US (USD 70 billion), albeit smaller than China (USD 170 billion)," brokerage Jefferies said in a report. Weddings are the second largest consumption category in India. "Weddings, if they were a category, would rank as the second largest retail category only behind food and grocery (USD 681 billion)," it said. Weddings in India are elaborate and characterised by a range of ceremonies and spending. The industry spurs consumption in categories like jewellery and apparel and indirectly benefits autos and electronics. Despite political efforts to curb them, luxury weddings at exotic locations continu
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation), according to the Jefferies note, which is in sharp contrast to countries such as the United States
The court noted that meticulous documentation of gifts prevents both parties and their families from levelling baseless allegations of dowry transactions post-marriage
Ornaments retain their impression of antiquity without being flashy or cumbersome to wear
According to Bhavani Shankar Mali, general secretary, All Wedding Industries Federation, Rajasthan, the state hosts 1.5-2 million marriages every year on average
The HC noted that in some cases, the husband handles the financial obligations and the wife accepts household responsibility. Thus, expecting the wife to do household chores can't be termed as cruelty
India's lavish wedding sector has emerged as the fourth-largest industry, contributing about Rs 4.25 trillion to the nation's gross domestic product
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Shared financial responsibilities, renting jewellery, and cars over horses among growing trends defining millennial and gen-z weddings, according to WedMeGood's annual report
There are likely to be 3,800,000 weddings during the ongoing season, according to the Confederation of India Traders (CAIT), which is expected to generate Rs 4.7 trillion worth of business
"Wedding purchases are happening as they are inevitable," said Ashish Pethe, a partner at Waman Hari Pethe Jewellers