50% eateries in India could shut shop due to Covid-19

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50% eateries in India could shut shop due to Covid-19

Apr 02, 2020 18:57 IST

If the virus spread continues and the current situation lasts till May, as many as 50 per cent of restaurants in India could shut according to the National Restaurant Association of India's President Anurag Katiyar. In a statement to Business Today, he revealed that only 5-6 chains have the cash reserves to sustain for more than a month. NRAI has estimated that at least 1.7 million will lose their jobs amid the health emergency in an industry that employs approximately 7.3 million people.

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