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
Stealth • 14h
India's wedding industry is worth over $130 billion
It's the second largest wedding market in the world, after the United States
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.
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
The India packaged sweets market size reached INR 6,229.7 Crore in 2023.
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Mahendra Lochhab
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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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Chamarti Sreekar
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Apple has reached over ₹1 lakh crore in iPhone exports from India in 2024.
iPhone exports from India.
2023: $9 billion
2024: $12.8 billion
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?
