According to the report, the value of the Indian food service industry is estimated to be Rs 5,69,487 crore by FY 2024.
Kabir Suri, Chairman, NRAI and Company, said, "Despite setbacks during the COVID-19 pandemic, the food service industry in India is experiencing rapid growth. The sector directly employs 85.5 lakh people and contributes to the Indian exchequer. contributes Rs 33,809 crore." -Founder and Director, Azure Hospitality.
The survey included in-depth conversations with restaurants, meetings with over 140 CEOs and consumer research covering over 5,300 people across over 40 cities in India.
According to Nitin Saluja, chairman of the report steering committee, NRAI, and founder of Chaayos, over the last five years, the industry has seen a significant transformation, with food delivery increasingly replacing home-cooked meals.
"This sector is vital, providing livelihood to many Indians and supporting those who have migrated to bigger cities in search of better opportunities, who often lack time to prepare daily meals," he said. Is."
Saluja further noted that the report aims to "provide unique and valuable insights to our members, establishing itself as the most trusted source of information about the industry's size, segments and growth opportunities".
Kabir Suri, Chairman, NRAI and Company, said, "Despite setbacks during the COVID-19 pandemic, the food service industry in India is experiencing rapid growth. The sector directly employs 85.5 lakh people and contributes to the Indian exchequer. contributes Rs 33,809 crore." -Founder and Director, Azure Hospitality.
The survey included in-depth conversations with restaurants, meetings with over 140 CEOs and consumer research covering over 5,300 people across over 40 cities in India.
According to Nitin Saluja, chairman of the report steering committee, NRAI, and founder of Chaayos, over the last five years, the industry has seen a significant transformation, with food delivery increasingly replacing home-cooked meals.
"This sector is vital, providing livelihood to many Indians and supporting those who have migrated to bigger cities in search of better opportunities, who often lack time to prepare daily meals," he said. Is."
Saluja further noted that the report aims to "provide unique and valuable insights to our members, establishing itself as the most trusted source of information about the industry's size, segments and growth opportunities".
