The wedding season will start in the next 40 days. The country's economy is expected to get a huge boost in this season. The estimated figure that has come out is about Rs 2.25 lakh crore more than last year. Out of which only one fourth of the business is expected from the country's capital Delhi. According to statistics, this time the economy is expected to get a boost of about Rs 6 lakh crore during the wedding season. In which one fourth of the business will be in Delhi only. Let us also tell you what kind of figures have come out.
According to a report by the Confederation of All India Traders (CAT), about 48 lakh marriages are expected to take place across the country in the upcoming wedding season. In which there can be a business of Rs 5.9 lakh crore. The special thing is that 4.5 lakh marriages are expected to take place in the country's capital Delhi alone. In which there can be a business of Rs 1.5 lakh crore. According to CAT report, the retail sector is expected to benefit the most during the wedding season. In this, Indian products may outweigh foreign goods.
CAT National General Secretary and MP Praveen Khandelwal said that this study has shown that consumers are giving utmost preference to Indian products, which confirms Prime Minister Narendra Modi's call for 'Vocal for Local' and self-reliant India. Khandelwal said that this year a new trend of increasing expenditure on social media services related to weddings is being seen.
According to the statement, 48 lakh marriages are expected to take place across the country in the wedding season starting from November 12. This will result in a turnover of Rs 5.9 lakh crore, which shows a significant increase from last year's Rs 4.25 lakh crore. The statement said that the major business sectors expected to see significant growth in Delhi include textiles, jewellery, banquet halls, hotels, event management and catering services.
