Demonetisation effect: Weddings getting smaller, payments going digital - News Summed Up

Demonetisation effect: Weddings getting smaller, payments going digital


We are only dealing with professional vendors who are open to digital payments and are looking at more budgeted formats. Very unlike my elder daughter's wedding," she said.A year after demonetisation, the big fat Indian weddings are being replaced with more muted and cautious ceremonies with an emphasis on digital transactions and conservative spending. Some of the country's renowned wedding planners, caterers, decor artists said spending is down by 30-40%, and business has taken a knock. Initially, people had different choices of vendors but now it has become a little more compact," said wedding decor stylist Swati Pandya Sood.Sood said the cuts are getting reflected in smaller guest lists and lesser functions. Budgets for weddings have gone down this year, compared to budgets of previous weddings issued to us from families.


Source: Economic Times November 24, 2017 18:32 UTC



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