The National Restaurant Association of India, the voice of the Indian restaurant industry today launched its long-awaited India Food Services Report 2024 (NRAI IFSR 2024).
Also, gracing the occasion with their presence were the Office Bearers of NRAI, Mr. Kabir Suri, President -NRAI, Co-Founder & Director - Azure Hospitality, Mr. Sagar Daryani, Vice President - NRAI, CEO & Co-Founder - Wow! Momo Foods, Mr. Nitin Saluja, Chairman, Report Steering Committee, NRAI, Founder – Chaayos and Mr. Pranav Rungta, Vice President - NRAI, Director – Curry Me Up, Mr Rahul Singh Founder & CEO, The Beer Cafeand Mr Anand Sharma Director, Customer Development – PepsiCo India.
The 5th edition of the NRAI India Food Services Report provides an in-depth analysis shared by the industry stakeholders and consumer voices. The report delivers valuable insights into operational models and practices, investment strategies, dining trends, and sustainability efforts.
According to the NRAI IFSR 2024, the Indian Food Services Industry is estimated to be valued at Rs 5,69,487 crores as of FY24. It is projected to grow to Rs 7,76,511 crores by FY28, achieving a CAGR of 8.1% overall, with the organized segment expected to grow at a CAGR of 13.2%.
This story is from the July 14, 2024 edition of The Business Guardian.
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This story is from the July 14, 2024 edition of The Business Guardian.
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