Marriage, especially in middle-class and lower-middle-class families in India , has deep cultural significance but also brings significant financial, emotional, and social impacts . Here's a detailed analysis: 1. Financial Impact a. Cost of Marriage Average wedding cost in middle-class Indian families: ₹3–10 lakhs. Lower-middle-class weddings may still cost ₹1–3 lakhs. Major expenses : Venue, food, gold/jewelry, clothes, dowry (in some cases), and rituals. Sources of Funding : Personal savings Loans (formal or informal) Sale of land/gold Borrowing from relatives Analysis : A wedding can wipe out years of savings or push families into debt traps , especially for girl’s families. In many rural or semi-urban areas, people take personal loans at high interest just to meet societal expectations. b. Dowry System (Persisting Informally) Despite being illegal, dowry demands still exist in many regions, especially in lower-income groups. The “gift cu...
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