The restaurant and food services industry in India has gone through a major expansionary phase in recent years, mainly due to certain factors such as the country’s dominant youth population, changing urban demographics and availability of more disposable income in the hands of the people. The mark... View more
The restaurant and food services industry in India has gone through a major expansionary phase in recent years, mainly due to certain factors such as the country’s dominant youth population, changing urban demographics and availability of more disposable income in the hands of the people. The market has broadened even more with the entry of foreign players. International fast food service chains are also placing India high on their priority list, thus adding to the sustained growth. The restaurant and food services industry is a major contributor to the country’s gross domestic product (GDP) and directly and indirectly provides employment to a large section of the population.
The restaurant industry can be divided into a number of categories that include full-fledged restaurants, fast food franchise chains, coffee shops, casual dining establishments and so on. All such establishments have tried to broaden their offerings and cater to the changing Indian tastebuds. However, a large section of the industry remains unorganised, with roadside vendors and small wayside eating joints dotted all over the country. Moreover, high property prices have also acted as an obstacle to setting up of quality restaurants within India. Hide this
Restaurants and traditional food joints has been an age old concept with the dominance of a large number of unorganized players operating as street vendors, roadside eateries and stand-alone restaurants. However, with growing urbanization and changin....
Restaurant and Food Services | May 10th, 2010 | by Netscribes
Netscribes latest market research report titled Restaurant Market in India 2014 states that the restaurant market in India will grow at a steady pace in the coming years. The restaurant market size will grow further. The restaurant industry in India ....
Restaurant and Food Services | Oct 15th, 2014 | by Netscribes