India’s wedding season is set to bring a surge in spending, with an estimated 35 lakh weddings projected between November and mid-December. This surge is fueled by increased consumer expenditure, impacting various sectors like retail, hospitality, and jewelry. The festive season further adds to the economic impact, with Diwali and Dussehra coinciding with the wedding boom.
In a bid to stabilize domestic edible oil prices during the festive season, the Indian government has directed oil associations to maintain existing retail prices until stocks imported at lower customs duties are exhausted. This decision aims to protect local farmers and support domestic production, following recent price reductions driven by increased global production and lower import costs.
As the festive season approaches, India’s government will closely monitor airline ticket prices to prevent unfair hikes and ensure affordable travel for families. This initiative is part of a broader plan to enhance the aviation sector and solidify India’s position as a global leader in air travel.
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The Indian Railways is gearing up for the upcoming festive season by announcing numerous special trains to cater to the increased passenger demand during Diwali, Durga Puja, Ganesh Chaturthi, Onam, and Chhath Puja. These special trains will operate on various routes across the country, with advance reservations already open for booking.
Air travel fares in India are expected to surge by up to Rs 20,000-30,000 on certain routes during the upcoming festive season, despite early booking promotions by airlines. The spike in prices is attributed to increased demand for travel during Dussehra and Diwali, coupled with higher operational costs. Travelers are advised to book early and consider alternative options to mitigate the impact of rising airfares.
