how the industry is all set for a big leap
Today, weddings in India are a gala affair. And you need wedding planners to plan it well and organise it meticulously. While hiring wedding planners has become a style statement for urban Indians, it is catching up with middle-class families too.
Since wedding planning as an industry is in its initial phase in India, no legal formalities are required to become a wedding planner.
INDUSTRY STATUS
Currently, the Indian wedding industry is valued at around Rs 1,25,000 crore and is growing by around 25-30% every year. The estimated cost of a wedding could range anywhere between Rs 5 lakh and Rs 5 crore. Even foreigners, who want to solemnise their marriage in India, contribute to the country’s wedding industry annually. With an increasing and more disposable income in India, the wedding market is expected to double within the next 15 years.
GROWTH AREAS
The Indian wedding market is growing fast, generating a growth-rate of 100% with every passing year. Against such a growth scenario, South Asians around the world need an online destination that offers easy access to the latest in wedding apparel and jewellery.
SKILL-SETS REQUIRED
As such, one does not require any formal training to be a wedding planner. However, anyone who wants to make a mark in this industry needs to be calm and particular with an eye for detail. Freshers entering this field must be creative with an ability to think differently. One should also be ready to work hard and have the ability to organise things.
REMUNERATION
There is no fixed remuneration pattern. It’s all about the nature of the deal. Either there can be a fixed fee or you can have a commission from the total expenses. Freshers who have just entered the field can start earning anything between Rs 10,000 and 15,000 per-month.
Today, weddings in India are a gala affair. And you need wedding planners to plan it well and organise it meticulously. While hiring wedding planners has become a style statement for urban Indians, it is catching up with middle-class families too.
Since wedding planning as an industry is in its initial phase in India, no legal formalities are required to become a wedding planner.
INDUSTRY STATUS
Currently, the Indian wedding industry is valued at around Rs 1,25,000 crore and is growing by around 25-30% every year. The estimated cost of a wedding could range anywhere between Rs 5 lakh and Rs 5 crore. Even foreigners, who want to solemnise their marriage in India, contribute to the country’s wedding industry annually. With an increasing and more disposable income in India, the wedding market is expected to double within the next 15 years.
GROWTH AREAS
The Indian wedding market is growing fast, generating a growth-rate of 100% with every passing year. Against such a growth scenario, South Asians around the world need an online destination that offers easy access to the latest in wedding apparel and jewellery.
SKILL-SETS REQUIRED
As such, one does not require any formal training to be a wedding planner. However, anyone who wants to make a mark in this industry needs to be calm and particular with an eye for detail. Freshers entering this field must be creative with an ability to think differently. One should also be ready to work hard and have the ability to organise things.
REMUNERATION
There is no fixed remuneration pattern. It’s all about the nature of the deal. Either there can be a fixed fee or you can have a commission from the total expenses. Freshers who have just entered the field can start earning anything between Rs 10,000 and 15,000 per-month.
Hey!..u've written that the wedidng market is expected to double within the next 15 years while in the following paragraph, u've mentioned about the growth rate of the market being 100%.Can you explain more clearly what you mean by both the statememnts. Thanx a lot
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