The 'Big fat Indian wedding' is more than just a slang. A recent report by investment firm Jefferies highlights the economic significance of weddings in India. The $130 billion industry ranks second only to food and grocery and is a major driver of consumption across sectors.

The Indian wedding market is twice the size of the US market. It's estimated that the average expenditure on a wedding is around $15,000. Interestingly, Indian couples spend approximately twice as much on weddings compared to education. The current average expenditure per wedding is around $14,500, which is around five times India's per capita GDP of $2,900 and more than three times the average annual household income. The report added that India's wedding spending-to-GDP ratio is significantly higher than that of other countries.

The report notes that a typical Indian wedding involves five to six functions, hotel accommodations, catering, décor &amp; entertainment. This is more expensive for the rich, who spend more lavishly. The report excludes expenses on jewellery, wedding attire and airfares.

The report further notes that given the sheer size of the industry and its impact, weddings are a key growth driver in India for several categories, ranging from jewellery, apparel, catering, stay &amp; travel, among other sectors. This is reflected in the jewellery industry, where more than 10 per cent of revenues are from bridal jewellery. It also accounts for the largest proportion of the spend, accounting for 25 per cent of the total wedding expenses, followed by catering and events.

Small-scale businesses and individual service providers benefit from this wedding splurge. This is because the industry is highly diversified, with regional players in a better position to address consumer needs. The report also highlights challenges in India's wedding sector, notably being 'unorganised' and 'highly-fragmented.'&nbsp;

Prime Minister Narendra Modi gave the call 'Wed in India' last year, urging people to explore destinations within the country rather than foreign locations.&nbsp;

The 'Big fat Indian wedding' is more than just a slang. A recent report by investment firm Jefferies highlights the economic significance of weddings in India. The $130 billion industry ranks second only to food and grocery and is a major driver of consumption across sectors.

The 'Big fat Indian wedding' is more than just a slang. A recent report by investment firm Jefferies highlights the economic significance of weddings in India. The $130 billion industry ranks second only to food and grocery and is a major driver of consumption across sectors. The Indian wedding market is twice the size of the US market. It's estimated that the average expenditure on a wedding is around $15,000. Interestingly, Indian couples spend approximately twice as much on weddings compared to education. The current average expenditure per wedding is around $14,500, which is around five times India's per capita GDP of $2,900 and more than three times the average annual household income. The report added that India's wedding spending-to-GDP ratio is significantly higher than that of other countries. The report notes that a typical Indian wedding involves five to six functions, hotel accommodations, catering, décor & entertainment. This is more expensive for the rich, who spend more lavishly. The report excludes expenses on jewellery, wedding attire and airfares. The report further notes that given the sheer size of the industry and its impact, weddings are a key growth driver in India for several categories, ranging from jewellery, apparel, catering, stay & travel, among other sectors. This is reflected in the jewellery industry, where more than 10 per cent of revenues are from bridal jewellery. It also accounts for the largest proportion of the spend, accounting for 25 per cent of the total wedding expenses, followed by catering and events. Small-scale businesses and individual service providers benefit from this wedding splurge. This is because the industry is highly diversified, with regional players in a better position to address consumer needs. The report also highlights challenges in India's wedding sector, notably being 'unorganised' and 'highly-fragmented.' Prime Minister Narendra Modi gave the call 'Wed in India' last year, urging people to explore destinations within the country rather than foreign locations.

'The Big Fat Indian 'Paychecks': Wedding industry drives consumption & economic boom

Despite yesterday's fall, India's stock market has grown exponentially since 2019 and is currently valued at around 4.5 trillion dollars. And now, Jefferies financial group predicts that by 2030, the value of India's stock market will have more than doubled to $10 trillion. This is largely because of the country's track record of producing double-digit gains and ongoing economic reforms. Take a look at this next report. Watch to know more!

Jefferies expects India's economy to surpass Japan & Germany

Shell's American solar subsidiary, Savion, has initiated the sale of approximately 25 per cent of its solar assets, according to industry sources and a marketing document obtained by Reuters.<o:p></o:p>

The move signifies Shell's continued divestment from renewable energy projects as part of CEO Wael Sawan's realignment. <o:p></o:p>

Investment bank Jefferies is overseeing the sale, offering up to 10.6 gigawatts (GW) of solar generation and storage assets, primarily located across various regions in the United States. <o:p></o:p>

While the total value of the assets remains undisclosed, their valuation typically hinges on regional power prices. <o:p></o:p>

Savion, which has a portfolio of 39.1 GW of solar and storage projects, has emerged as a key player in the renewable energy sector since its acquisition by Shell in December 2021. <o:p></o:p>

However, the current divestment initiative is an indicator of Shell's shift under CEO Wael Sawan, who has prioritised focusing on the most profitable ventures. <o:p></o:p>

Sawan's approach emphasises accessing low-carbon power for trading and sale rather than direct ownership of generation assets, which often yield lower returns. <o:p></o:p>

This realignment aims to fulfil Shell's broader objectives of enhancing profitability, maintaining oil output stability, and increasing natural gas production.<o:p></o:p>

Renewables valuations have experienced a decline, yet they remain integral to the global energy transition, attracting heightened attention as interest rates show signs of decrease. <o:p></o:p>

According to Reuters, KPMG had highlighted the importance of renewable assets in driving the transition towards sustainable energy solutions in a recent report. <o:p></o:p>

The sale of Savion's US portfolio, referred to as "Dasher," enables the subsidiary to refocus its efforts on advancing Shell's integrated power markets strategy. <o:p></o:p>

Shell's recent divestments extend beyond its renewable energy ventures, including segments such as power retail businesses in Britain and Germany, floating offshore wind projects, and hydrogen operations. <o:p></o:p>

Additionally, the company is pursuing exits from certain refining operations and its onshore oil business in Nigeria. <o:p></o:p>

At the same time, Shell has started company-wide cost-saving measures, including staff reductions within its low-carbon solutions division, with the intention of saving up to $3 billion. <o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Shell's American solar subsidiary, Savion, has initiated the sale of approximately 25 per cent of its solar assets, according to industry sources and a marketing document obtained by Reuters.

Shell's American solar subsidiary, Savion, has initiated the sale of approximately 25 per cent of its solar assets, according to industry sources and a marketing document obtained by Reuters. The move signifies Shell's continued divestment from renewable energy projects as part of CEO Wael Sawan's realignment. Investment bank Jefferies is overseeing the sale, offering up to 10.6 gigawatts (GW) of solar generation and storage assets, primarily located across various regions in the United States. While the total value of the assets remains undisclosed, their valuation typically hinges on regional power prices. Savion, which has a portfolio of 39.1 GW of solar and storage projects, has emerged as a key player in the renewable energy sector since its acquisition by Shell in December 2021. However, the current divestment initiative is an indicator of Shell's shift under CEO Wael Sawan, who has prioritised focusing on the most profitable ventures. Sawan's approach emphasises accessing low-carbon power for trading and sale rather than direct ownership of generation assets, which often yield lower returns. This realignment aims to fulfil Shell's broader objectives of enhancing profitability, maintaining oil output stability, and increasing natural gas production. Renewables valuations have experienced a decline, yet they remain integral to the global energy transition, attracting heightened attention as interest rates show signs of decrease. According to Reuters, KPMG had highlighted the importance of renewable assets in driving the transition towards sustainable energy solutions in a recent report. The sale of Savion's US portfolio, referred to as "Dasher," enables the subsidiary to refocus its efforts on advancing Shell's integrated power markets strategy. Shell's recent divestments extend beyond its renewable energy ventures, including segments such as power retail businesses in Britain and Germany, floating offshore wind projects, and hydrogen operations. Additionally, the company is pursuing exits from certain refining operations and its onshore oil business in Nigeria. At the same time, Shell has started company-wide cost-saving measures, including staff reductions within its low-carbon solutions division, with the intention of saving up to $3 billion. (With inputs from Reuters)

Shell's Savion initiates sale of solar assets: Reports

Investment banking firm, Jefferies, predicts that India is set to become the third-largest economy globally by 2027, overtaking both Japan and Germany. <o:p></o:p>

With India's GDP projected to reach $5 trillion in the next four years and nearly $10 trillion by 2030, the country's economic ascent is predicted to be strong.<o:p></o:p>

According to media reports, Jefferies highlighted India's economic growth trajectory, noting its transformation from the ninth-largest economy a decade ago to the fifth-largest today, with a nominal GDP of $3.4 trillion. <o:p></o:p>

Despite facing challenges from major reforms like the implementation of GST, bankruptcy laws, and demonetisation, India's GDP has continued to expand.<o:p></o:p>

A Hindustan Times report cited Chris Wood of Jefferies who highlighted the impact of fundamental structural reforms under Prime Minister Modi's leadership. <o:p></o:p>

According to him these reforms have significantly improved India's macroeconomic indicators, making the country increasingly attractive to foreign investors. <o:p></o:p>

Previously, India's lack of a compelling top-down narrative hindered foreign investment, but with recent reforms, the country's macro story is now on par with global standards.<o:p></o:p>

The investment banking company predicts India's GDP growth to outperform most large economies globally, with a projected growth rate of 6 per cent over the next five years. <o:p></o:p>

Apart from the structural reforms,&nbsp;rising growth rates&nbsp;are also driving India's ascent on the global economic stage.<o:p></o:p>

NDTV reported that Jefferies anticipates significant growth in Indian equity markets, with estimated returns of 8-10 per cent in dollar terms over the next five to seven years. <o:p></o:p>

Structural domestic flows and the potential listing of large unicorns are poised to drive the market cap past $10 trillion by 2030. <o:p></o:p>

The company also highlights the scope for increased foreign investment in India, given its relatively low country weight in global indices, presenting rewarding opportunities for equity investors.<o:p></o:p>

Investment banking firm, Jefferies, predicts that India is set to become the third-largest economy globally by 2027, overtaking both Japan and Germany. With India's GDP projected to reach $5 trillion in the next four years and nearly $10 trillion by 2030, the country's economic ascent is predicted to be strong.

Investment banking firm, Jefferies, predicts that India is set to become the third-largest economy globally by 2027, overtaking both Japan and Germany. With India's GDP projected to reach $5 trillion in the next four years and nearly $10 trillion by 2030, the country's economic ascent is predicted to be strong. According to media reports, Jefferies highlighted India's economic growth trajectory, noting its transformation from the ninth-largest economy a decade ago to the fifth-largest today, with a nominal GDP of $3.4 trillion. Despite facing challenges from major reforms like the implementation of GST, bankruptcy laws, and demonetisation, India's GDP has continued to expand. A Hindustan Times report cited Chris Wood of Jefferies who highlighted the impact of fundamental structural reforms under Prime Minister Modi's leadership. According to him these reforms have significantly improved India's macroeconomic indicators, making the country increasingly attractive to foreign investors. Previously, India's lack of a compelling top-down narrative hindered foreign investment, but with recent reforms, the country's macro story is now on par with global standards. The investment banking company predicts India's GDP growth to outperform most large economies globally, with a projected growth rate of 6 per cent over the next five years. Apart from the structural reforms, rising growth rates are also driving India's ascent on the global economic stage. NDTV reported that Jefferies anticipates significant growth in Indian equity markets, with estimated returns of 8-10 per cent in dollar terms over the next five to seven years. Structural domestic flows and the potential listing of large unicorns are poised to drive the market cap past $10 trillion by 2030. The company also highlights the scope for increased foreign investment in India, given its relatively low country weight in global indices, presenting rewarding opportunities for equity investors.

India poised to surpass Japan and Germany, become third-largest economy by 2027: Jefferies

Chris Wood, the global head of equity strategy at Jefferies, said if prime minister Narendra Modi's party loses national elections next year, the Indian stock market will suffer.

Jefferies predicts 25% stock plunge if BJP loses 2024 polls

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