The marriage season has started with Devouthi Ekadashi. Weddings in India are no less than a festival. About one crore people get married every year.
According to a report by domestic brokerage firm Prabhudas Leeladhar, around 35 lakh weddings will take place in India this November to mid-December, with an estimated expenditure of Rs 4.25 lakh crore.
It is important to decide the budget for the wedding. If you are also planning your wedding, plan it in advance. This will allow you to manage things properly and not have to bear more burden of expenses.
So today In work news Let's talk about how to prepare for marriage in advance? You will also learn that-
- How to make a smart budget for a wedding?
- How to avoid unnecessary expenses in marriage?
Expert: Ayush Kapoor, Wedding Planner, Prayagraj
Q- How much do people spend on weddings in India? Answer- The wedding season in the country is no less than a festival. Now the currency of many types of programs is increasing in wedding events. Festivals like engagement, mehndi, wedding and reception are celebrated with great pomp. This is the reason why the trend of spending more on weddings is also increasing rapidly.
According to a report by global investment banking firm Jefferies, the market for the Indian wedding industry in India is around Rs. 12.7 lakh crore, making it the second largest industry after food and grocery. It is likely to get bigger in the coming years. On an average, every family in the country spends 12 lakh rupees on a wedding.
The report shows that the Indian wedding industry market has overtaken the US wedding industry. However, it still lags behind the Chinese marriage market.
Understand this easily from some figures given in the graphic below.
Q- Which items cost the most in Indian weddings? Answer- The cost of any wedding depends on many factors. This includes many things like number of guests, wedding venue and personal preferences. There is no fixed standard of how much a wedding will cost. Let's first understand the factors that determine the total cost of your wedding. With the help of this you will be able to decide if and how to limit the budget in the wedding.
Question- How can the cost of marriage be reduced? Answer: Despite inflation, the expenditure on weddings in Indian middle-class families is many times higher than the average budget. The cost of a wedding mainly depends on two things. First is mandatory expenditure and second is auxiliary expenditure.
There are certain expenses in a wedding that you cannot avoid even if you want to. Such as venues, clothing, food, jewelry, decorations, wedding cards, photography or videography. Apart from this, there are also some ancillary expenses, which are different from the main expenses of the wedding. Such as the band, fireworks, guest list, gifts, make-up and hair styling items. All these things can be changed as per your requirement.
The following graphic gives some points, by adopting which you can avoid unnecessary wedding expenses.
Apart from this, some tips can be adopted to determine the wedding budget as a percentage. With its help you can limit your expenses. Understand this from the graphic below-
Q- How can we reduce venue and traveling expenses? Answer- Nowadays a major portion of the total wedding budget is spent on the venue. From small banquet halls, hotels to farmhouses, all have different prices. This can increase the number of guests and program costs manifold. To reduce these costs, do not book hotels or farmhouses on different days for each function. Instead small wedding events can be held at home. This can reduce the total cost of the wedding. Apart from this, the prices of the venue and destination go up manifold during the wedding season. So, make an advance booking a few months in advance.
Question- How can we reduce the expenditure on decorations? Answer- Weddings have many different events. Decoration is very important in every event. The wedding venue is decorated with colorful flowers from the entry gate to the stage and pavilion. In Indian weddings, around 8-10% of the total expenditure is spent on decorations.
For this, we may use artificial flowers instead of real flowers in some select locations as real flowers cost more.
Q- How to do smart wedding shopping? Answer- You can save money by adopting some smart shopping tips while shopping. For this see below points-
- You can buy some things online.
- You can get offers like discounts and cashback from these.
- For this, keep an eye on the sales of e-commerce websites.
- You can compare the rates of goods on many e-commerce sites.
- Whatever you want to buy in bulk, buy it only from a wholesaler or trader in the city.
- If you buy in bulk you can get a good discount.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
