Can India Become the Leading Wedding Destination?
Click to start listening
Synopsis
India is on the brink of becoming a premier wedding destination, with the entertainment sector poised to empower the youth. This growth can reshape careers and boost the economy, as highlighted by industry leaders. Discover how India's diversity and cultural richness can transform the wedding industry into a global powerhouse.
Key Takeaways
- India's wedding industry is valued at ₹7.5 lakh crore.
- The sector is expected to grow significantly, reaching ₹14,300 crore by 2026.
- 65% of India's population is youthful, making this industry crucial for empowerment.
- Live entertainment includes weddings, concerts, and corporate events.
- PHDCCI's 'Fun-Tastic 2025' summit aims to boost the entertainment sector.
New Delhi, July 18 (NationPress) India has the capacity to emerge as a premier global wedding destination, and the flourishing entertainment and wedding sector can serve as a significant means to empower the nation’s youth, stated Ranjit Mehta, CEO of PHDCCI, on Friday.
In a conversation with IANS, Mehta underscored that for the youth of India, entertainment has transitioned from a luxury to a necessity.
He pointed out Prime Minister Narendra Modi’s aspiration to establish the Indian wedding industry as a fundamental aspect of the country’s rich cultural legacy.
“As PM Modi aptly noted, India is poised to become the leading wedding destination worldwide. With almost 65 percent of our population being youthful, this sector can serve as a robust platform for empowerment,” Mehta conveyed to IANS.
“This arena allows young Indians to not only exhibit their talents but also to cultivate meaningful and profitable careers,” Mehta added.
He further observed the remarkable expansion of the live entertainment industry in India, which has surged from a ₹1,000 crore sector to over ₹12,000 crore today.
India, blessed with varied seasons and cultural diversity, presents vast opportunities for the growth of destination weddings.
To capitalize on this potential, PHDCCI has initiated its inaugural summit dedicated to the emerging entertainment sector - 'Fun-Tastic 2025'. This summit, held in the national capital, celebrated the vibrant realm of live entertainment, concerts, and events in India.
The entertainment industry in India is a multi-billion-dollar domain, with live entertainment - including concerts, weddings, corporate events, and theater - at its core.
This segment is projected to grow at a compound annual growth rate (CAGR) of 18 percent, anticipated to reach ₹14,300 crore by 2026.
Rajeev Jain, Chair of PHDCCI’s Entertainment Committee, shared with IANS, “With Fun-Tastic 2025, PHDCCI is also commemorating its 120th anniversary. The wedding industry has now escalated to ₹7.5 lakh crore, while the concert sector is valued at ₹13,000 crore.”
“Every prominent global artist today aspires to collaborate with India. Given the swift progression of this sector, we believe that in the coming decade, wedding tourism will evolve into a major industry, and India may even establish a dedicated Wedding Ministry to oversee weddings, concerts, and large-scale events,” Jain concluded.
Point of View
The growth of India's wedding and entertainment industry is a promising development. It not only reflects the rich cultural heritage of the country but also presents significant opportunities for the youth. With visionary leadership and strategic initiatives, India can harness this potential to uplift its economy and provide meaningful employment.
NationPress
20/07/2025
Frequently Asked Questions
What is the current value of India's wedding industry?
As of now, India's wedding industry is valued at ₹7.5 lakh crore, showcasing its immense potential.
What are the growth projections for the entertainment sector?
The entertainment sector is expected to grow at a CAGR of 18%, potentially reaching ₹14,300 crore by 2026.
How does the wedding industry benefit the youth?
The wedding industry offers young individuals the opportunity to showcase their talents and build rewarding careers in various roles.
What initiatives are being taken to promote this industry?
PHDCCI has launched the 'Fun-Tastic 2025' summit to promote and celebrate the live entertainment and wedding industry in India.
Is there a possibility of a Wedding Ministry in India?
Given the growth in wedding tourism, there is speculation that India might establish a dedicated Wedding Ministry in the future.
