Project Report For
The project report for Wedding Card is as follows.
There are more than 10 million marriages per year in India. There are many more than 10 million marriages each year in India. Projected to be more than $25 billion and rising at 30% a year. It’s another sector who has not seen any decline. Half of a approximately 900 tonnes of gold produced in India is purchased mostly during wedding season. The huge Indian wedding market, sometimes called a recession-proof economy, is projected to be about $40-50 billion that year, as per the KPMG report. It continues to increase steadily at an annualized rate of 25-30%. The average cost of a lavish wedding will be between Rs 2 crore and Rs 25 crore yearly.
Creative-minded folks understand that perhaps the options for wedding invitations are virtually endless—”message in a bottle “scrolls skunked with sand in glass bottles, invites filled with bejeweled peacock feathers, or conventionally conventional invites written in traditional font on thick, paper production.
Market potential & Strategy
The Indian wedding sector is anticipated to increase faster and become more structured, creating an opportunity for even more young entrepreneurs and start-ups. Although there are no confirmed figures or surveys to date on the exact dimensions of the Indian wedding industry, as per feedback from New Age marriage practitioners, even moderate figures, this may well be far above Rs 50,000 crore. In India, weddings are an important event for communities. Though Indians have often invested on weddings, the trends of expenditure and preparation are shifting. Weddings are getting more imaginative, personal and trend-setting marriages are all here to stay.
This offers practitioners the ability to organise and execute marriages. As a result, ever more new professionals are switching to this, and sometimes even investors are searching for successful space-based start-ups. The Indian wedding card market is anticipated to be worth Rs 10,000 crore annually. The market wants smart, creative and trendy products at varying rates.
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