The food and beverages industry accounts for ~3% of India’s GDP and is the single largest employer in the country, with more than 7.3 million workforces. The nationwide lockdown set this industry on a downward spiral with some predictions suggesting that nearly a quarter of all restaurants may shut down by the end of 2020.
Currently, the food retail industry is at US$ 70 billion and is predicted to grow more than double to US$ 150 billion by 2025, according to KPMG, a global audit and advisory firm.
Read the analysis to know more about the industry.
Credits:- Muskan Tayal and Vikas Bhatol
VittArth | Konsult | VittNivesh 