CAIT Explains How ‘Wed-In-India’ Will Boost India’s Economy – WATCH
By Aakash Srivastava: Following Prime Minister Narendra Modi’s recent “Wed-In-India” initiative, the Confederation of All India Traders has emphasized its potential economic impact.
In an exclusive interview with TheQuotes, Secretary Mr. Khandelwal revealed that an estimated 5,000 destination weddings take place abroad annually, incurring an expenditure of Rs. 75,000 crore to Rs. 1 lakh crore.
“India boasts over 2,000 locations across 100 major cities within various states, offering ideal venues for spectacular destination weddings,” he stated, naming Goa, Lonavala, Mumbai, Jaipur, Jodhpur, Mathura, Varanasi, and Kanpur as prime examples.
Mr. Khandelwal highlighted the trend of celebrities choosing foreign destinations, leading to a “significant transfer of Indian business to foreign countries.”
He further emphasized India’s exceptional capacity to host destination weddings, catering to all budgets. “Numerous companies and groups provide comprehensive services and arrangements for weddings,” he explained.
“Over the years, a strong network has emerged in India, making wedding-related goods and services a major business sector. Encouraging destination weddings within our own country will not only uphold Indian traditions but also significantly boost the national economy, creating numerous permanent and temporary employment opportunities,” Mr. Khandelwal concluded.
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