In terms of age, around 54% of India’s population is below 30 years of age. And a large part of household income is spent on weddings, the minister said. “And, if we consider those under 25 years of age, around 68 million people in India are eligible to get married in the next few years, creating huge potential for the wedding industry,” Shekhawat said in a statement issued by the PHD. Camera.
“The global wedding industry is valued at $300 billion, and the Indian market alone is worth $50 billion, growing at 20 to 25 percent annually,” he said in a statement. “Destination weddings, the combination of tourism and celebrations, are now a multi-billion dollar industry, driving sectors such as hospitality and aviation,” the statement read.
The wedding industry in the country has enormous potential and will become a major driver of economic growth, the minister said. “If we combine tourism with the wedding industry and take advantage of the existing infrastructure, we can multiply the growth of this sector,” he added.
Prime Minister Narendra Modi’s vision is to develop tourism in mission mode; In August last year, the ministry unveiled an ambitious campaign aimed at showcasing India as a premier wedding destination on the global stage.
Last year, the Prime Minister said the country needed a movement like ‘Wed in India’ similar to ‘Made in India’. PHDCCI president Hemant Jain said the grandeur of Indian weddings, combined with the trend of destination weddings, offers immense tourism potential.
(Edited by: Jerome Antonio)
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