How much does a typical upper middle-class wedding cost?

Apr 08, 2019 | 5 months ago | Read Time: 3 minutes | By iKnowledge Team

In India, marriage is considered to be the tangible proof of the socioeconomic status of a family. As such, the upper middle-class families spend a small fortune during the course of the wedding, and the parents start planning for their child’s marriage years in advance.

The wedding industry is burgeoning in the country, with an estimated 10 million weddings happening every year. The wedding card business, to begin with, sees anywhere between Rs. 80 – 100 billion annually, considering the fact that hundreds, if not thousands of cards are printed for each wedding [1].

 

Source: Wedzo Blog[2]

 

Furthermore, the Indian wedding industry is estimated to be worth around a whopping EUR 34.5 billion, and is still growing at a tremendous rate of 20 – 25 percent every year. The wedding cost in metropolitan cities is estimated to be anywhere between Rs. 25 lakhs to 70 lakhs, while online matrimonial websites bring in anywhere between Rs. 200 – 250 crores, either through registration fees or match-making fees annually!

 

Planning for your child’s marriage is an absolute necessity, given the fact that the financials involved in planning a wedding will only increase, if we take inflation into consideration. Let us now look at the costs involved in weddings today, and how much the expenses come down to, once we put all the pieces of the jigsaw together.

 

Breaking down the costs for an upper – middle class wedding

 

The venue, cuisine and the traditional decorations are responsible for the bigger chunk of wedding expenses. Booking a hotel or a banquet for the venue can cost anywhere between Rs. 1,00,000 – Rs. 2,00,000, while the cuisine during the wedding can cost up to Rs. 5,00,000. The traditional decorations can contribute to around 10 percent of the total cost, ranging from Rs. 2,50,000 – Rs. 5,00,000[3].

Source: Economic Times

 

Buying designer clothes for the wedding would cost a whopping Rs. 2,50,000, while families tend to spend lavishly during weddings on jewelry. A safe estimate for embellishing oneself with designer jewelry would be anywhere between Rs. 3,00,000 – Rs. 5,00,000, while the cost for printing the wedding cards would be around Rs. 20,000 – Rs. 30,000. Furthermore, the cost to acquire the services of a professional photographer could set the families back by around Rs. 1,50,000 – Rs. 2,00,000.

Source: Economic Times

 

Additional costs incurred during the three – day ceremony

A traditional Indian wedding lasts up to three days, with different ceremonies and rituals taking place over the course of the three – day celebration. A single ceremony could cost anywhere between Rs. 6,00,000 – Rs. 10,00,000[4], which can significantly increase average cost of a wedding.

 

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Citations

[1] https://mediaindia.eu/business-politics/indian-wedding-industry-golden-affair-for-a-lifetime/

[2] http://blog.wedzo.in/international-indian-weddings-with-the-wedding-trunk/

[3] https://www.indianretailer.com/article/whats-hot/trends/The-Flourishing-Indian-Wedding-Industry.a247/

[4] https://economictimes.indiatimes.com/wealth/spend/7-smart-ways-to-cut-down-your-wedding-costs/articleshow/57704448.cms

[5] https://www.reliancemoney.co.in/-/getting-married-in-india-what-does-an-average-wedding-cost-?inheritRedirect=true


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