India’s luxury weddings hit new highs, fueling a Rs 70,000 crore industry
The boom in luxury weddings in India is not just a reflection of changing tastes, but also a result of shifting cultural and economic dynamics.
Wed, 12 Mar 2025
From Mehendi to Maldives, you can burn anything between Rs 15 and 20 crore in a flash. No we aren’t talking of the next OTT production but a luxury wedding in India. With 4.8 million weddings expected to take place this season, generating over $70.4 billion in revenue (up from 3.5 million weddings worth $50.7 billion last year), the ecosystem is ready to turn a couple’s special day.
India's wedding industry has experienced remarkable growth, establishing itself as a significant economic force. Recent analyses estimate the industry's annual worth at approximately $130 billion (₹10.79 lakh crore), positioning it as the country's second-largest sector after food and groceries. This expansion is driven by the nation's cultural emphasis on grand matrimonial celebrations, with over 10 million weddings conducted annually.
The luxury segment within this industry has seen notable escalation. Reports indicate that India's luxury market is on track to triple, potentially reaching $85 to $90 billion by 2030. This surge is attributed to a growing affluent population and evolving consumer tastes, leading to increased expenditure on high-end wedding services, including designer apparel, premium venues, and bespoke event planning.
Destination weddings have emerged as a significant contributor to this growth. The global destination wedding market is projected to expand from $36.22 billion in 2024 to around $47.69 billion in 2025, reflecting a 31.7% compound annual growth rate (CAGR). India's rich cultural heritage and diverse locales make it a favored destination for such events, further propelling the luxury wedding sector.
Additionally, the industry's influence extends to various ancillary markets. The hospitality sector, for instance, benefits substantially from wedding-related bookings, with luxury hotels experiencing heightened demand during peak wedding seasons. Fashion and jewelry brands also see significant upticks in sales, catering to the elaborate preferences of Indian weddings.
In summary, the Indian wedding industry's exponential growth, particularly in the luxury segment, underscores its pivotal role in the nation's economy. As cultural traditions intertwine with modern opulence, this sector is poised for continued expansion, offering lucrative opportunities for businesses and service providers alike.
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