IAS officer P. Basanth Kumar is planning to spend only Rs 18,000 on his son’s wedding.
He previously for his daughter’s wedding that was held in September 2017 spent only Rs 16,100.
Basanth Kumar on his wedding in 1988 spent only Rs 2,345.
Visakhapatnam Metropolitan Region Development Authority (VMRDA) commissioner P. Basanth Kumar has taken an exemplary step on wedding expenditure, as he was planning to spend only Rs 18,000 on his son’s wedding.
The IAS officer previously for his daughter’s wedding that was held in September 2017 spent only Rs 16,100.
The Times of India reports, Basanth Kumar on his wedding in 1988 spent only Rs 2,345.
In 2008, Indian weddings Market was estimated to be $31 billion a year.
Sources estimate India celebrates about 10 million weddings per year, and over 80% of these are Hindu weddings.
The average expenditures exceed US$3,000 per wedding. Another $30 billion per year is spent on jewelry in India, with jewelry for weddings being the predominant market.
In a nation with per capita annual income of $1,500, weddings are a major financial burden for the typical Hindu family.
