In Chinese culture, red is a lucky colour; it's often used for gift giving or weddings. Similarly in Hinduism, red is considered lucky (as far as I've read) and brides wear red at their weddings. The only commonality I can see between Indian culture and Chinese culture (in terms of beliefs) is Buddhism, is it because of this or something entirely different or a coincidence?
It does, the article that was linked even says red is a very auscipious colour in Indian culture