According to a report by the Confederation of All India Traders (CAIT) 46 Lakh Indian weddings are anticipated in coming two months. This opens the gateway for all the Indian retail businesses. This brings in an expectation of a business surge of Rs 6 lakh crore.

The coming months which are recognised as auspicious dates for Hindu wedding according to believes will keep the business industry on the heels. The market focus will shift from festival to this wedding season. Calling out Indian-made goods to uplift this growth. Wedding season will bring spending over all type of wedding related product and service based business market.

🚨 India expects 48 lakh weddings in the next two months; may generate ₹6 lakh crore in business: CAIT pic.twitter.com/Ur96oOLMm6

— Indian Tech & Infra (@IndianTechGuide) November 3, 2024

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Wedding Season To Open The Gateway Of Business Opportunity

• For Market Lovers: Market enthusiasts, traders, and investors must observe consumer behavior which acts as a determinant for market trends, particularly with regard to precious metals like gold and silver. The prices of these metals show very wide fluctuations, particularly during wedding seasons and festival times. According to data jewelry comprised 9%, and textiles and garments made up 12% of the overall sales. Why? Because Gold, for instance, is auspiciously significant in most cultures, not only in Hinduism but also in many other religions. These cultural beliefs form a basis for the constant demand for gold and silver, as most people buy these metals for jewelry, gifts, and other ceremonial purposes. Not only this, but investors can also go ahead with stocks or shares of companies that work, or make products, especially during the wedding season. Consider investing in companies that specialize in bridal attire, accessories, and gifts. Brands that cater to weddings or seasonal sales may experience a boost in revenue.
• Product Industry: Companies that specialize in producing wedding products may likely experience a massive order soon after the wedding season is around the corner. Not all well-established companies might be ready for this order though. The product industry spans areas like lifestyle goods, electronics, fashion, clothes, and jewelry. The relevant businesses are expected to gear up since, given the sheer volume of different things being bought for weddings, they help the newly wed couple bring out the best for their special day. This is an excellent opportunity for popular brands as well as newcomers to come and satisfy all those wedding-related needs!
• Service Industry: This service industry is gearing up for the super busy wedding season, which includes catering, food, venues, event planning, transportation, photography, and even wedding consulting. Such high demand for services at these wedding venues means good business and, of course, profit to those involved. Companies should take this opportunity and enable couples to have that day, which they can always cherish.

Praveen Khandelwal Secretary General and Member of Parliament really supports local products, it really helps the country to grow. According to him, the government is now encouraging the “vocal for local” campaign, an initiative that motivates individuals to shop locally. Well, by patronizing what is local, we don’t only assist the economy but also help build our communities.

“This season reflects Prime Minister Narendra Modi’s ‘Vocal for Local’ initiative, with more consumers opting for Indian goods over foreign alternatives,” noted CAIT Secretary General and Member of Parliament Praveen Khandelwal.

Business Industry To Fasten The Seatbelt Ahead Of The Auspicious Dates!

Acharya Durgesh Tare, Convenor of CAIT’s Veda and Spiritual Committee, has shared the list of all auspicious dates. The dates are November 12, 13, 17, 18, 22, and December 4, 5, 9, among others. This wedding season will see a month-long pause after December 16. It will resume in mid-January and run through March 2025.
The Secretary-General of CIAT said that this post-festival wedding season will really lift up the economy. It will be fruitful for most businesses within the country. These businesses should increase production, upgrade trading, and use newer more updated digital tech.