Weddings go on a diet as slowdown bites
Worth up to $50 billion a year, the industry in India is feeling the pinch
MUMBAI-India's weddings are famously lavish-lasting days and with hundreds if not thousands of guests-but this season many families are cutting costs even if it risks their social standing.
It is symptomatic of a sharp slowdown in the world's fifth-largest economy, with Indians spending less on everything from daily essentials to once-in-a-lifetime celebrations.
Growth has hit a six-year low and unemployment a four-decade high under Indian Prime Minister Narendra Modi. Prices are rising too, squeezing spending on everything from shampoo to mobile data.