Behavioural Finance: After grand weddings, many families often face financial distress due to a high debt burden. (Photo Source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Indian weddings are often marked by extensive celebrations, opulence and grand display of culture and tradition. For Indian families, weddings often bring an opportunity to showcase their social status.

The dazzling weddings also reflect the cultural diversity and distinct regional traditions across states. However, elaborate preparations for weddings and grand celebrations often lead to overspending.

Many families end up spending a huge amount for weddings, primarily driven by cultural factors, emotional decisions and the pressure to conform to societal norms. Community standards, religi

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