In fiscal 2023-2024, the Indian wedding market reached a whopping $130 billion (around Rs 10 lakh crore), second only to the food and grocery sector in the overall $681 billion retail market.
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Mahendra Lochhab
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There were over 8 million weddings in India in 2023, with the Indian wedding industry worth Rs 10.5 lakh crore or $130 billion, being the second largest in the world.
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Mahendra Lochhab
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The online grocery market in India is expected to grow by USD 11.97 billion between 2023 and 2028.
In 2021, the market size of grocery retail for the unorganized (kirana led) segment amounted to 592 billion U.S. dollars.
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Mahendra Lochhab
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In 2023, the Indian wedding industry was the second largest in the world, with over 80 lakh weddings and an estimated value of $130 billion. It's also India's fourth largest industry, with an estimated value of Rs 4.74 trillion in 2023, a 26.4% incre
In 2023, India's IT sector exports reached $193 billion, with software and services accounting for $126 billion. This is almost double the $108 billion in 2016.
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Jaswanth Jegan
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India's wedding industry is estimated to have grown to $130 billion, second only to food and groceries in terms of consumption-Jeffries report
Is there any startups serving this sector?
India's online retail market is valued at $70 billion and is expected to grow to $325 billion by 2030. It makes up about 7% of the country's total retail market.
In the 2022–2023 fiscal year, the auto components industry in India had its highest-ever turnover of $69.7 billion, a 32.8% increase from the previous year