Why weddings are so important for the Indian Economy?

 

While weddings can be costly in any region, they are especially important in India as symbols of strength and prestige. For many cultures, especially India, marriages are more than simply a union of two persons. A wedding marks the coming together between two families, lineages, and at times, bigger groups like whole villages or communities. Marriages are a significant rite (of) passage that signifies a person and their family's status.

To push one's financial limits at a wedding can, of course, be seen as an attempt to achieve a higher social status and respect within the wider community.

Matrimonial business appears to be recession-proof and is estimated to be worth $40 billion per year, growing at around 20% per year. Indians see it as an indicator of social status, so don't spare any expense.

Complex

Read more »