The Indian restaurant and hospitality industry has been under immense pressure in recent times, with the government seeking to shift its focus away from tourism and towards agriculture and infrastructure projects.
A recent report by the Indian Chambers of Commerce and Industry (ICCI) warned of an “unprecedented slowdown in restaurant business in the next two years”, with the restaurant industry already facing a huge shortfall of 1.3 lakh restaurants across the country.
It was not the only industry facing pressure.
In 2016, the World Bank warned that India’s food industry is at a critical stage.
This is largely due to a lack of capital, the lack of training, a lack and a severe lack of awareness among the public.
The lack of a proper understanding of the impact of these issues on the industry, according to the World Trade Organisation (WTO), has contributed to the loss of a record 7.5 lakh jobs in the past 12 months.
The government, however, has not been able to reverse the situation.
According to the Ministry of Commerce, in the last fiscal year, there was an estimated total of 5.9 lakh restaurant openings, which is a 1.2% growth over the previous year.
The ministry estimates that in 2019, the number of restaurants will increase to 6.3 crore, which will be a growth of more than 4% over the current year.
However, the numbers for the sector have also been on the decline in recent years.
The Indian Restaurants Association (IRPA) estimates that over the last decade, the country’s restaurant sector had lost 2.5 crore jobs.
The industry suffered a significant drop in 2017 due to the Goods and Services Tax (GST) and the Goods And Services Tax Refund Scheme (GATS), with the number dipping to 2.6 crore jobs in 2016 from 3.4 crore jobs just a year earlier.
According the IRIA, this means that the industry lost more than 7 million jobs between 2015 and 2019, and is projected to lose 7.2 million jobs in 2020.
The number of Indian restaurants is forecast to decline by 6.6% from 2019 to 2020.
According in the latest figures, Indian restaurants employed 2.35 million workers in 2019 and 3.06 million in 2020, a fall of 11% compared to previous years.
This means that an estimated 5.7 million jobs are lost in the restaurant sector every year.
There are concerns that the government is not taking the issue of food security seriously.
According a recent report, the government has not done enough to implement the Food Security Guarantee Act of 2015.
The act, which has been the target of opposition from the opposition, has been repeatedly attacked by the opposition parties, including BJP.
A government report released in April 2016 suggested that the act was “not effective in improving food security in India”, and urged it to be implemented.
The Food Security Committee of the Lok Sabha also recommended that the food security provisions of the act should be strengthened.
However the government did not take the recommendations.
The BJP has also expressed concern over the impact that GST would have on the Indian restaurant sector, with its vice-president, Ravi Shankar Prasad, calling the move “unfair and unfair to Indian restaurants”.
In March, the BJP’s Economic Advisory Council, headed by former finance minister P Chidambaram, had warned that the impact GST would create on the sector could be devastating.
It said that India would lose $1.2 trillion of economic activity by 2019.
“The GST would increase food prices by 30-40% and would also affect the food-producing capacity of the country,” the report stated.
This would put an undue strain on the restaurant sectors and hurt the industry in the long run.
In the last two years, the Indian Restaurant Industry Association (IRA) has warned that over 200,000 restaurants have closed down across the nation, which could impact on the employment situation in the industry.
It has also warned that food shortages are set to worsen as a result of GST.
According, a survey conducted by the National Sample Survey Organisation (NSSO) showed that the number in the food chain fell by 12.5% in the year to March 2019, which means that over 3.5 million jobs have been lost across the entire industry in 2019 alone.
There have been calls for a GST exemption for Indian restaurants to be given an exemption under the goods and services tax (GSP) so that they could keep working.
However there is a limit to the exemptions given under the GSP.
The GSP includes GST, excise and indirect taxes, and does not include VAT.
However it does include other taxes, such as duty, which would not be included in the GST exemption.
According TOI, the exemption for small businesses is limited to 30% of their revenue, and for establishments larger than 500 people it is limited by 60%.
“We are facing an unprecedented slowdown in the Indian hospitality sector.
We are witnessing a massive slowdown in Indian restaurants, and