How Indian’s spend on Wedding?

The recent news of Anant Ambani and Radhika Merchant’s pre-wedding celebration has set the internet buzzing. Lavish decorations, A-list guests, and designer outfits – it’s a glimpse into the grandeur that often defines Indian’s spend on wedding. But for most of us, the reality of Indian wedding expenses is a far cry from such extravagance.

Introduction

So, how much do Indians typically spend on their weddings? Buckle up, because the answer can be as diverse as India itself! In India, there are two things people absolutely go out of their comfort zones to splurge. One is their child’s education and the other is their child’s marriage.

And anyone, who has ever attended an Indian wedding will agree that Indian parents always go far and beyond their earning capacity to ensure that their kids have an extravagant wedding.

According to a report by KPMG, “It’s estimated that the cost of an Indian wedding ranges between ₹500,000 to ₹50 Million. An Indian will likely spend one-fifth of his lifetime wealth on a wedding.”

This seasonal industry is dictated by a strict astrological calendar of auspicious and inauspicious days. The wedding industry is estimated to involve more than $11 billion in spending, concentrated from October to February. Some days are so auspicious that almost 17,000 weddings will be held in New Delhi alone.

The Infographic shows the total annual amount spent on different segments (from the lowest spent to the most spent).

1. Band/ Music – Rs 1000cr
2. Mehendi – Rs 1500cr
3. Photography – Rs 1500cr
4. Puja/Rituals – Rs 5000cr
5. Hotel – Rs 7000cr
6. Venue – Rs 10000cr
7. Invitation – Rs 10000cr
8. Furniture – Rs 30000cr
9. Clothing – Rs 50000cr
10. Jewellery – Rs 90000cr

Total Annual Spent – Rs 2,09,500cr

We bring to you more 4 interesting Infographic Images

Infographic credits – https://www.moneytap.com/blog/the-saga-of-indian-weddings-and-loans/

The Infographic shows per item cost per person

1. Dinner cost (average): Rs 700 to 2000 per person
2. Pandal decoration cost: Rs 10,000 to 25,000
3. Bridal designer saree/ lehenga cost: Rs 5,000 to 50,000
4. Designer Sherwani cost: Rs 15,000 to 40,000
5. Wedding invite cost: Rs 100 to 1500 per card
6. Bridal make up cost: Rs 5000 to Rs 50,000
7. Bridal Mehendi cost: Rs 1500 to Rs 5000

Donation/fee to priest, to advocate for marriage registration is separate.

Infographic credits – https://in.pinterest.com/pin/403072235375868203/

The above Infographic image explains the difference between Indian Marriage v/s US Marriage in a presenting format.

The above shows the difference between wedding expenses and living expenses in both countries. The source informs that 30% of Americans will remarry spending more money on their second wedding. It also shows a histogram of data revealing the US GDP v/s Wedding market (INDIA).

 The Divorce rate pie graph, arranged marriage pie graph and a forecast of the population will marry in the next 15 years.

Infographic credits – https://www.weddingwire.in/wedding-tips/weddingwire-india-reveals-the-newlyweds-report-2021–c11025

Guests are the most important theme of marriage without it the celebration is incomplete. The above Infographic image shows how couples invited their guests during the pandemic 2020-2021 era – 76% of couples used WhatsApp to invite, 39% of couples used Physical Invites and 33% of couples Invited Guests in person.

Infographic credits – https://www.weddingwire.in/wedding-tips/weddingwire-india-reveals-the-newlyweds-report-2021–c11025

Graphaize found this interesting Infographic pie chart which expresses the type of wedding ceremonies during the pandemic era 2020-21.

1. 90% of the ceremonies had an In-Person ceremony with family/friends.
2. 5% of it had a fully virtual ceremony.
3. 3% of that went to Register their marriage.

And the rest 3% simply had a court marriage.