Indian wedding industry projected to grow due to increasing wealth and middle class expansion.
Indian weddings are a $130 billion business, with opulent celebrations and luxurious displays of wealth becoming increasingly common. Recent weddings, such as that of Anant Ambani, have set new benchmarks for grandeur, and are expected to influence the industry further. A report from real estate consultancy Knight Frank predicts that the number of Indians with a net worth of at least $30 million will rise by 50% over the next five years, and by 2030, around 600 million Indians will be middle-class, driving growth in the wedding industry.
July 06, 2024
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