 "Statspeak: Retail food service sector value expected to touch Rs 5 trn")
A new report prepared by PricewaterhouseCoopers and Federation of Indian Chambers of Commerce & Industry called The changing landscape of the retail food service industry shows healthy projections for the sector. It says that the performance of the food service industry is set to accelerate, with an expected CAGR of 10 per cent for the five-year period between 2017 and 2022. This is expected to drive the industry to a value of Rs 5,520 billion by the end of 2022. Today, almost one-third of the population is below 25 years and half of the population is below the age of 35 years and both income levels and disposable income share are growing, says the report.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%