Pandemic leaves restaurants bleeding
India, July 4 -- New Delhi: The Covid-19 pandemic has left the restaurant industry bleeding with an estimated loss of about Rs 1 lakh crore in the last 100 days.
The sector is also witnessing a closure of about 30% of restaurants across India and with the rest 70% seeing a drop of about 60%-70% in business compared to the same period last
year.
According to Anurag Katriar, president of the National Restaurant Association of India (NRAI), huge amounts of fixed and operational costs are making restaurants bleed at a time when business is at its lowest.
"In our industry, the proportion of fixed operating expenses by way of rentals, utility expenses and salaries is quite significant and with little or no revenues, it is getting very diffi...
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