Project Report For Wedding Card
The project report for Wedding Card is as follows.
With the wedding season in full swing, it’s impossible not to notice that the Indian wedding business is massive. In an Indian wedding, everybody spends without considering the return. Every producer and merchant engaged in wedding-related products is looking forward to the season to increase sales. Wedding ceremonies are becoming more lavish with every new year. People did not consider the expensive wedding reception which has now became a trend and may even be a habit three decades ago. Nevertheless, no one is grumbling, at least not the merchants and related actors, because of the enormous financial potential that it brings.
The Indian wedding business is presently valued around Rs 180,000 crore and is expanding at a rate of 15 to 20% each year. In India, the projected cost of a marriage without any expenditures omitted may range from Rs 6 lakh to Rs 3 crore.
Market potential & Strategy
With every consecutive year, Indian weddings become larger and grander, providing rich economic opportunities to those engaged. Leaving up the fundamental traditional appearance, Indian weddings are now adopting a more professional appearance.
The nation now has a population of about 1.39 billion people, and with a typical family of four members, there are even more than 290 million families in India. With approximately one wedding per 23 years, the country generates around 12 million weddings each year. Every wedding in the India spends an average of 30 to 40 grammes of gold, bringing the overall spend of gold somewhere between 300 and 400 tonnes each year.
Indians are becoming extremely trend conscious, so they want to look finest at their marriage. Circumstances have shifted in recent years; it is now more about brands, and individuals are willing to invest to appear their best. As a result, the apparel sector is thriving.
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