<h5>High cost of Indian weddings</h5><p>According to a US-based report, Indian families spend significantly more on weddings than on education.</p><p>On average, a wedding costs about $15,000 (around ₹12.5 lakh), nearly double what families typically invest in education from pre-primary through graduation.</p><h5>Indian wedding market</h5><p>The Indian wedding market is enormous, valued at an impressive $130 billion (approximately ₹10.7 lakh crore). This makes it twice the size of the US wedding market.</p><p>Families spend five times the country’s per capita GDP of $2,900 (₹2,41,858) on weddings and more than three times the average annual household income of around ₹4 lakh.</p><p>Luxury weddings, which can cost between ₹20 lakh and ₹30 lakh, are even more extravagant. They include multiple events, expensive hotels, delicious food, and stunning decorations.</p><h5>Weddings and the economy</h5><p>The wedding industry is a major economic driver, composed of many small businesses and individual service providers. It supports various sectors:</p><ul><li>Jewellery: More than half of the jewellery sales in India are linked to weddings.</li><li>Apparel: Wedding-related spending accounts for over 10% of the clothing budget.</li><li>Catering and events: Around 20% of wedding expenses go towards catering and 15% towards event management.</li></ul><p>Each region in India has unique wedding customs, allowing local businesses to thrive by catering to specific needs.</p><h5>Estimating the trend</h5><p>While the wedding industry’s growth is beneficial for the economy, it raises questions about the financial priorities of Indian families.</p><p>Investing heavily in weddings might reduce the resources available for education, which is vital for long-term personal and societal development.</p><p>Balancing these expenditures is crucial for a sustainable future.</p>

Ideally, a balance should be maintained between expenditure on weddings and education.

Indians Spend More on Weddings Than Education

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Indians Spend More on Weddings Than Education

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