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India's food and beverages (F&B) industry is growing at a rapid pace of 10% from USD 48 billion in 2016 to reach USD 77 billion by 2021, says NRAI Food Service report.
NRAI IFSR 2016 estimates that the total contribution of the restaurant industry alone will contribute 2.1% to the GDP of India by the year 2021.
Indian food and restaurant market has boldly adapted kiosk model, also known as 'Grab and go' model to match steps with the fast moving world.
Good food transcends racial, ethnic, religious and also national boundaries.
The CII estimates that the food processing sectors have the potential to attract as much as US$ 33 billion of investment over the next 10 years.
Earlier, catering was only about good food but now there are other ancillary things like the way you present the food.
The two major problems that restaurants are witnessing are- getting the regular customers to walk in and getting the local customers a repeat business to come in.
The country's nominal GDP is expected to reach USD 3.6 trillion by 2021 from USD 2.3 trillion in 2016. India's private final consumption expenditure accounts for 60 per cent of the total GDP and is projected to reach USD 2.4 trillion by 2021, surpassing th...
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The Confederation of Indian Industry (CII) estimates that the food processing sectors have the potential to attract as much as US$ 33 billion of investment over the next 10 years and also to generate employment of nine million person-days.
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