WeddingWire India’s Post

#CelebrityWedding #WeddingIndustry India’s wedding industry, in January 2024, soared to $75 billion, showing an annual growth of 7-8%! It will be no surprise if it grows faster in the next 2 quarters, given the excitement created by the Ambani Wedding. As matrimonial lawyers, we often notice that Indian weddings are locii for building business relationships. The large majority of wedding guests are members of the business fraternity to which one or both parents and would like to get closer to. This is perhaps so because an Indian wedding would form a good (read legitimate) backdrop for exchange of favours and gifts which in other circumstances may seem out of place. Often the friends and guests of the couple getting married are few and stay only for the formal 'guest' part of the ceremony. A large wedding and its many business priorities often puts great pressure on the newly married couple trying to make a life for themselves - there is lack of privacy, and of free time, and a lot of anxiety to present themselves in the right way before guests and visitors. In many cases, even 3 to 4 years after the wedding, parties discuss (often with consternation and disappointment) the events at the many rituals that formed the wedding ceremony and the reception. Most of the time, the party feels left out and un-prioritised on what they consider to be the most important day of their life. This lasting discomfort sours the relationship. The fact that in Indian families, the wife is often the one to move into her husband's home, also makes her feel lonely, fearful, and sometimes intimidated by (what she perceives as) the vast and powerful family ranged against her. While we can understand that for professionals and business-owning families, weddings provide an excellent opportunity for cementing relationships, it is also important that the couple is given due importance, space and free time. It may also be a good idea to keep some ceremonies for the intimate family members to privately bond over, while using the public ceremonies for business building. For more information on our services, do write to [email protected]

Guesstimate of the week! In the past 2 days, I have witnessed a lot of weddings across the country, so let's estimate the number of weddings and the revenue generated. Number of weddings: - Peak Season Daily Average = 1500 weddings - Weekend Factor = 2 - Regional Variation Range = +/- 20% (assuming variations between major cities and smaller towns) - Lower Estimate: 1500 * 2 * (1 - 0.2) = 2400 weddings - Higher Estimate: 1500 * 2 * (1 + 0.2) = 3600 weddings - 2400 - 3600 weddings Wedding Size: - Urban Average Size = 300 guests - Rural Average Size = 150 guests - Urban Distribution = 60% - Rural Distribution = 40% - Weighted Average = (300 * 0.6) + (150 * 0.4) = 240 guests - 150-300 guests depending on chosen distribution and regional focus. Total Attendees: - Lower Estimate: 2400 weddings * 150 guests/wedding = 360,000 attendees - Higher Estimate: 3600 weddings * 300 guests/wedding = 10,80,000 attendees - 3,60,000 - 10,80,000 attendees Revenue Estimation: - Average Spend per Attendee Range = ₹5,000 - ₹20,000 - Average Spend Distribution between Categories = Catering (40%), Decoration (30%), Photography (20%) - Lower Estimate: 360,000 attendees * ₹5,000/attendee * 0.4 = ₹7,200,000 - Higher Estimate: 1,080,000 attendees * ₹20,000/attendee * 0.3 = ₹64,800,000 In short, 2400 - 3600 weddings generated a revenue ranging from ₹7,200,000 to ₹64,800,000. Follow Tarun Rajpurohit for more such guesstimates on daily life. #consulting #strategy #guesstimate #marriage #india

"Is the micro wedding trend here to stay"? asks Mid-day's Arpika Bhosale in a story titled 'My Size Zero Wedding' Parthip Thyagarajan, CEO of WeddingSutra.com states that in our country's context, the community/ location defines size or scale and there can be no definition of big or small Indian wedding. Shrey Bhagat of WeddingSutra Favorite Raabta says: "micro weddings are more about emotion than expense enabling a more personalized celebration". https://lnkd.in/dxsX4xct #weddingindustry #indianwedding #weddingtrends

Ever wondered what it feels like to spend just 0.5% of your wealth on a wedding? Mukesh Ambani shows us how! Mukesh Ambani, India's richest man, recently celebrated his son's wedding in a grand affair estimated to cost ₹5,000 crore (around $600 million). The wedding's grandeur has sparked conversations, and while the sum is undeniably impressive, let's look at it with a little perspective The ₹5,000 crore price tag might seem astronomical, but it represents only 0.5% of Mukesh Ambani's estimated net worth, which is around ₹1,000,000 crore. Think of it this way—if you had ₹1 crore saved, spending 0.5% would be just ₹50,000. Here, the Ambanis are celebrating a momentous occasion with a portion of their wealth that wouldn't significantly impact their overall financial picture. Weddings hold immense importance in Indian culture, and for a family of the Ambani's stature, a grand celebration is a way to mark this special occasion with family, friends, and business associates. It can be seen as an investment in strengthening bonds and goodwill within the community. Let's Not Forget: Lavish weddings like this often generate significant economic activity. Caterers, decorators, event planners, and countless other service providers see a boost in their businesses. It's All About Perspective: The way you view the Ambani wedding is a personal choice. It's a reminder of the vast wealth some possess, but also the potential for such events to create positive economic ripples. What are your thoughts? Share in the comments! Did the Ambanis have the right to celebrate in such a grand way, or do you think the resources could have been used differently?

Why Opting a Kalyana Mandapam Can Simplify Your Wedding Planning Weddings are joyous celebrations of love and commitment, but they can also be intricate affairs to plan and execute. The entire process can be overwhelming, from choosing the right venue to coordinating various aspects of the event. This is where the decision to opt for a Kalyana Mandapam comes into play. Venues like the marriage halls in Velachery, can significantly simplify your wedding planning. This article will explore how choosing a Kalyana Mandapam can make your wedding preparations easier and more efficient. Read full article: https://lnkd.in/g97xWjB7

The Indian wedding industry was worth ₹4.74 lakh crore in the 2023-24 wedding season. The celebrations are becoming more grand and luxurious, hence financial planning is a crucial step in the journey. Here's a guide to planning a big fat Indian wedding that can come in handy. #indianweddings #financialplanning #OneScore

Were Ambanis' & Merchants' (how much did the Radhika's family spend on all this, IDK, do you? 🤔) wrong to spend so much on this wedding? Let me broaden this question into two: 1. Is it wrong to spend a lot on weddings? 2. How much is too much? The answer to these questions is subjective and directly related to the financial situation of an individual or their family. The recent wedding of Anant Ambani and Radhika Merchant is an example of Show-Bizz that is often associated with high-profile Indian weddings. With its grandiose celebrations, extravagant décor, and high-profile guest list, the wedding has once again spotlighted the culture of lavish spending that defines many Indian weddings today. #Ambanis spent less that 0.5% of their wealth on their months long wedding celebrations. A typical Indian Family does all that sans the ulta grandeur of ceremonies. Beyond any doubt, The Ambani Wedding (as I am calling it) will have a psychological and social impact on an average family thinking about wedding as we speak. How much will be the impact, I am not sure. Therefore, what we must discuss is how we can pave the way for a more balanced approach to celebrating life's significant moments, ensuring they bring joy without financial hardship. With valuable insights from Abhishek Kumar, SEBI RIA here's read for you to ponder that: https://lnkd.in/gVTX7ZDs #IndianWeddings #FinancialWellBeing #CulturalTraditions #SustainablePractices #EconomicImpact #AmbaniWedding

Ever wondered what makes the Indian wedding so special? 🌟 We all are seeing vibrant pics of Anant - Radhika Wedding. But ever wondered how we contribute as a nation in building up a cultural value.🙌 From vibrant colors to elaborate ceremonies, Indian weddings are a celebration like no other. Each event is steeped in tradition and symbolism, from the auspicious Mehendi designs to the joyous Sangeet night filled with dance and music. The union of families is not just a union of two individuals but a beautiful amalgamation of cultures and customs that span generations. With elaborate ceremonies, lavish decorations, and a myriad of services involved, these weddings stimulate various sectors, including hospitality, fashion, jewelry, and event management.🏷 As we delve into the economic dimensions of these festivities, it's fascinating to see how they contribute to job creation, entrepreneurship opportunities, and economic growth. From local artisans crafting intricate designs to global brands capitalizing on the luxury market, Indian weddings create a ripple effect that extends far beyond the families involved. At the end don't forget to give a extra ladoo to your fufaji 🤩😊 #Indianwedding #wedding #value

I am sure all of you are also suffering from the side effects of Ambani wedding and now I bring it up here!!! Don’t hate on me. Read on and comment. Its a conversation we need to have in 2024🙄 So, rich people have rich weddings. 1200 crore is the same for the Ambanis that 1200 is for me. So, let them indulge, cement business alliances, display brick-size gemstones, create a theme park, have stars for ushers or whatever they please and wish the young couple a happy life ahead. Our job is done! Except now we live in the global village of Mark Zukerberg’s. And the village is in a tizzy with tiniest details of Nita’s rocks. Hidden nationalists are lurking everywhere, justifying the lesson to Rihanna for calling India poor, or choosing Jamnagar over Japan! You know the economic implications of this event and the trickle down (more that that actually) to the Chanels and Manish Malhotras or 1000s of service providers who now get a boost in business because they were part of this. Its HUGE. But it reiterates that as an economy, India is not a modern one built on a consumerist middle class buying mortgages and indulgences, but the same village economy where one zamindaar controlled all resources and the only way to keep the large number of poor to stay in their place was beautiful events-involving participation from and assigning roles to all classes and castes, whether it was Durga Puja or weddings and thread ceremonies or community sports events. The other thing to consider is the demonstration effect of the rich indulging in this display. While this is just a normal affordable indulgence for them, lavish weddings have become a trend in India that has spawned a massive industry around it, but is a burden on most households. Its ridiculous how families that will normally save on their dhania powder will suddenly have no boundaries when it comes to a wedding! Its like some mass schizophrenia. And its worse in India than in Western societies because parents pay. And wtf, in most instances even in 2024, brides’ parents pay! And the woke generation that blames us boomers for all the bad we have done to the planet suddenly find everything justifiable when it comes to a lavish wedding. Because most weddings (and events) lead to shameful amount of waste. Starting with wedding cards. Wrapped in boxes, plastic and what-have-you, they find their way to the dustbin immediately. Unless you can send the 5 cr gold screen that the Reddys sent to their guests, don’t bother:)) All gifts are elaborately wrapped in layers of paper, plastic, bamboo whatever. Fact is that no one cares for the wrapping and it goes straight to trash. I can go on and on and on. It will be lovely to see weddings which spark a conversation about beauty, aesthetics, simplicity, grace and sustainability. Because at the core, for a culture as magnificent and diverse as ours, there is so much to keep and renew without breaking the bank or killing the planet.

The fusion of tradition and modernity in Indian weddings. Something Old, Something New: The Evolution of Indian Wedding Traditions "Weddings as an industry may have become more digital in the avatar, but its significance in making memories for a lifetime remains stronger than ever," said Mehak Sagar cofounder WedMeGood: India's Top Wedding Planning App, Gautam Gupta - Co-owner of Asha Gautam and Founder of GG by Asha Gautam. accurately stated his thoughts on the changing traditions, "The vocabulary of wedding traditions has widened and it is now a podium of contrasting cultures to co-exist and even rejoice. India is among the few countries which still celebrate its century-old culture on one side and celebrate new cultures." "While Indian weddings continue to hold a lot of significance for the couple and their families, there’s a lot that’s changing and rightly so. There’s also a gradual shift towards more equal roles within the wedding rituals, with some couples opting for inclusive practices," shared @Khushi Shah Creative Director of Shanti Banaras By: Arushi Sakhuja https://lnkd.in/g86eeA25