The Big Fat Indian Wedding Decoded | Ep. 44
Published: 2024-12-02
Status:
Available
|
Analyzed
Published: 2024-12-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
For destination weddings, NRIs in the US and Europe typically start planning three years in advance, while a year prior is considered standard for Indian weddings.
"typically it's great to start a year prior but to bring to your surprise everyone who is an NRI and you know who are in US and Europe they get in touch with us three years prior"
Pending
Booking wedding venues in November, December, and January is a popular choice due to auspicious dates in India.
"So, one year is typically great also booking now in India with the murat arlia I remember I think years ago November December January were the only months having auspicious dates"
Pending
Many Hindu and Gujarati families avoid getting married between December 14th and January 14th due to it being considered non-auspicious.
"14th December to 14th January it is non auspicious dates so lot of Hindu Gujarati don't get married on these dates"
Pending
A good destination wedding in India starts at a minimum of 3 crore, with luxury options beginning at 7 crore.
"So any good destination wedding you want to have it at least starts with 3 crore going into luxury starts with 7 crores"
Pending
A 3 crore destination wedding budget is allocated as follows: 30-35% for accommodation, 20% for catering/food, 20% for decor, and 10-15% for entertainment.
"So I think about 30 to 35 percent goes in your accommodation... I would say about 20 percent in catering and food... then another 1.4 crore left... 20 percent would go for your decor... 10 to 15 percent goes in your entertainment"
Pending
Celebrity meet-and-greets for weddings can cost between 20-30 lakhs, while performances start from over 60 lakhs.
"a meet and greet could start with about 20 to 30 lakhs... and if they are performing it... It's more than 60 lakh"
Pending
The average individual spends approximately 80% of their life savings on a single wedding.
"An average individual would do about 80 percent of their savings... 80 percent of their life long savings in one wedding"
Pending
High Net Worth Individuals (HNIs) spend about 15% of their savings on weddings, while Ultra HNIs spend only 1-10%.
"HNI is only 15%... and the ultra HNI is only 1 to 10% of the savings"
Pending
Approximately 80% of couples overspend on their weddings, with budgets often doubling or quadrupling from the initial estimate.
"80 percent of couples over spend of whatever budgets they have... they would start with any client that comes to our budget is around one to two crores they are at the end spending for four crores"
Pending
Hiring a good wedding planner is considered the best investment for managing budget and direction.
"the best investment you make in your wedding is your planner if you get a right planner they will help you out with the right budget the right direction"
Pending
There are approximately 10 crore (1 billion) weddings in India annually.
"No crore weddings happen in India every year"
Pending
Careers in the wedding industry, such as hairstylist, creative director, podcaster, and wedding planner, are becoming increasingly popular.
"now if you are asking people who I want to be a hairstylist I want to be a creative director I want to be you know I want to start my own podcast I want to start my own wedding planning company all these careers have come into options"
Pending
The average per-plate cost for a single wedding meal is 1500, with specific functions potentially costing up to 2000 per plate.
"on an average to give you information 2000 is the per plate for one meal but for the whole all the five functions come one meal for one meal is 1500 per plate"
Pending
Wedding entertainment is diversifying beyond DJs to include sitar players for welcome ceremonies and percussionists with techno DJs for after-parties.
"there is a guy who does an amazing sitar who is probably playing when people are getting welcome then you have like a percussionist in the night who is coming to play with your techno DJ for an after party"
Pending
The average individual spends a significant portion (around 80%) of their lifetime savings on a two-day wedding.
"An average individual would do about 80 percent of their savings... wedding is only one wedding in one wedding which is for two days and then they are like normally happy doing it"
Pending
Taking out loans to finance weddings is a growing trend.
"and they might even take loans for what you are saying and that is a rising trend now taking loans"
Pending
Only 10-15% of couples discuss their financial goals before getting married.
"only about 10 to 15 but out of 100% couples before getting married will have a financial conversation"
Pending
High Net Worth Individuals (HNIs) spend around 15% of their savings on weddings, while Ultra HNIs spend only 1-10%.
"HNI is only 15% of the savings and the ultra HNI is only 1 to 10% of the savings"
Pending
The cost of weddings inflates by approximately 15-20% year-on-year.
"usually how much does the marriage cost increase year on year inflation of marriage cost what have you noticed about 15 to 20 percent"
Pending
To save for a 1 crore wedding 10 years from now, one would need to save approximately 23,000 per month and increase investments by 10% annually.
"10 years from now I need to start saving 23,000 per month per month now can you earn and increase that by 10 percent every year"
Pending
Opting for a court wedding and spending the remaining money on a honeymoon is a smart choice, though many feel obligated to have traditional weddings due to parental expectations and responsibilities.
"I would say yes to true people because also they are making a smart choice unfortunately for them they are not able to take this decision since they have a lot of responsibility and at least dependence on their parents and their parents will be doing a wedding for them"
Pending
A finance-themed wedding could include personalized counters and games with alcohol brands named after financial products and business anecdotes.
"we will have personalized counters and I would say a personalized game before everyone enters your after party okay which could be the names of your brands of alcohol that you have on your bar so have all the food items have all the interactions to all the guest bases all your antidotes of your business of finance"
Pending
Wedding invitations can be phrased using financial language, such as 'thank you for investing your time for our wedding.'
"invitations like it should have a language which is telling people that thank you for investing your time for our wedding"
Pending