What are the reasons why 30 of restaurants in India may go out of business?

According to relevant reports, the research report of the Indian rating company Krishil shows that due to the severe impact of the epidemic, India's catering industry has been hit hard and the operation is bleak, and the overall profit of India's catering industry is expected to decrease by 40%-50% this fiscal year, and it may also lead to the closure of about 3% of restaurants. In the past few months, affected by the epidemic, India** has been taking lockdown measures, many industries have been impacted, the catering industry is not allowed to dine-in dinner, can only be ordered online, and the epidemic in India has not been effectively contained, so it is difficult for the catering industry to resume normal operations, and the epidemic in India is far from being effectively prevented and controlled, and it seems that it is not surprising that more restaurants will close down because of dismal operations in the future. <>

Due to India's ineffective prevention and control of the new crown epidemic, the epidemic has not been suppressed for a long time, and the new cases are still reaching a new high, and even the number of new cases in a single day has exceeded that of the United States in recent days. The epidemic has not been effectively controlled, for emerging developing countries like India to talk about economic recovery, the recent India's ** new quarterly GDP data show that in the second quarter, India's GDP ** is the worst record in history since India released GDP data in 1996, manufacturing, services, etc. have shrunk to varying degrees, only agricultural data has increased slightly, which shows that India's overall economic situation is very poor, and it will continue in the next few months. <>

India's economic data and development status has reached a very poor state, the epidemic is still intensifying and spreading, and India is difficult to bear the impact of economic stagnation or even regression, in the face of such a difficult situation, India ** for the sake of the economy, recently in addition to some strictly controlled areas, for other areas will be forced to begin to take the fourth phase of unblocking measures, the catering industry is allowed to reopen from September 1, dine-in gatherings are allowed, and the city subway plans to resume operation from September 7, and the scope of unblocking is very large. However, India's forced reopening of the economy is likely to lead to an exacerbation of the new crown epidemic, which will cause panic or worry, and will cause another huge shock to its economy. <>

India's catering industry has a lot of layoffs during the epidemic, and the number of unemployed will gradually increase before the business recovers, and a series of mysterious operations in India are really worrying, regardless of the impact of the epidemic and economic difficulties, provoked border disputes with its neighbors to divert the focus of the Indian people, but instead created multiple contradictions to affect their own economic recovery, and also banned some foreign investment and operation in India for no reason and can create a lot of jobs. It will cause a large number of job losses in the short term, which will seriously hinder India's development, which is called shooting yourself in the foot, and India's economic woes are expected to continue.

Mainly because of the impact of the epidemic, the restaurant cannot make money, so it will go out of business.

Because of the epidemic, people cannot gather, and dine-in is not allowed in the restaurant, so guests can only take away or take out. In addition, the epidemic in India has not been under control, resulting in restaurants not being able to open dine-in, and the turnover is dismal.

Affected by the pandemic. Due to the pandemic, India has strict access restrictions for people and the tourism industry has been affected, so restaurants have closed.

Affected by the epidemic, India** has implemented a nationwide lockdown since March 25, which has brought a lot of impact to all walks of life, especially the catering industry. India** allowed restaurants to open dine-in service since June 8, but nearly three months later, business in the restaurant industry is still bleak.

India may have 30 percent of restaurants going out of businessBecause of the pandemic.

Although the new crown pneumonia epidemic is still spreading, for economic considerations, in addition to the strict control area, all parts of the country are still entering the fourth phase of unblocking in September.

Bindra, head of a restaurant chain in India: When the pandemic started, we had to lay off some of our employees, and I closed another restaurant, which is now completely empty, and all the staff in the restaurant have been laid off.

India** reported that nearly 70% of restaurants in New Delhi are currently closed. The shopping mall is also deserted. According to a research report by Kerry Hill, a credit rating and analysis company in India, the overall profit of India's restaurant industry will be reduced by 40%-50% this fiscal year due to the impact of the epidemic, and about 20%-30% of restaurants may close due to the epidemic.

Due to the impact of the new crown epidemic, India's economic situation is not very good. In order to solve the economic problems, India has decided to continue with the lifting of the lockdown. Except for some areas where the epidemic is more severe, many places are carrying out the fourth phase of lockdown work.

However, although the lockdown is lifted, in fact, the profitability of the restaurants and other places that have opened is not good. Nearly 30 percent of restaurants in India will be closed. <>

This increased range of lockdown will lead to a larger flow of people, and some experts fear that this will exacerbate the epidemic situation in India. And India** has also allowed large gatherings and other events after September 21, which will increase the chance of the new crown epidemic getting worse. After the outbreak of the epidemic in India, India** adopted a lockdown policy, and large cities were locked down.

This lockdown and the outbreak of the epidemic have led to a decrease in footfall in many restaurants and other establishments in India, and people rarely go out to eat out for safety reasons. Some restaurants barely make ends meet. What's more, many restaurants were forced to close after that.

Even if it reopens after June, it will be difficult to maintain normal income and expenditure. <>

Some restaurants have laid off almost all of their staff. In fact, although India said that the lockdown was lifted, the epidemic situation in India is not optimistic. Previously, due to the lockdown, many rural people who went to work in India's cities would leave the lockdown in various ways in order to return home.

This process has led to the outbreak of the new crown in many rural areas and has gradually become the hardest hit area. Moreover, India** did not deal with the new crown epidemic in a timely manner, and Modi ** used most of the funds given by the AIIB to India to purchase arms, resulting in Modi having to turn to the United Nations when he needed medical supplies. <>

Although most parts of India have now been lifted in order to recover the economy, the confirmed situation of the epidemic in India has not been alleviated. Even if the restaurant can open again, it can be expected that the customer flow is not high, and some of the more famous restaurants may be able to earn popularity money to survive the difficult period when they first opened, but some small and medium-sized restaurants will have a hard time, so nearly 30% of the restaurant closures may only be a conservative estimate. India's economy is not expected to recover much in the short term.

It is still going on, we have to continue to prevent and control, and it is difficult to control it if the lockdown is lifted one after another, and 3% of the restaurants will go out of business, which is really possible.

The stay-at-home isolation and avoidance of going to public places advocated by the epidemic prevention and control are inherently antithetical to economic development. Once quarantined at home, or going out less, the first to be affected is bound to be the catering industry. The same was true in our country at the beginning of the pandemic last year.

After that, the ban was lifted in September, which was India's own behavior and policy. This is also related to the country's economy, development situation and other influencing factors. Economic development is the lifeblood of a country, and it is impossible to plunge the country's economy into a complete downturn for the sake of infectious diseases, but in the case of a very serious epidemic, it has not come up with strong policy means to control it.

Anyway, I don't dare to go to India, it's dangerous.

I don't think much of it, the quality of India has nothing to do with us.

They are free, and this is a god-like kingdom.

India's economy is backward, the epidemic has not been effectively controlled, ** energy is spent on provoking foreign countries, the closure of three-tenths of restaurants will bring about a decline in consumption, and the economy will become worse and worse.

If 30% of restaurants in India close, it will be very inconvenient for local life, which will cause local life to fall into chaos, and at the same time, it will also cause many people to lose their jobs, which will have a very serious impact and change on the orderly life in the country.

India's economic income will be significantly reduced. India's F&B industry has always been an important support for India's GDP, so the closure of restaurants will significantly reduce the country's economic income.

This year's environment has affected the economic development of many countriesSo far, the new coronavirus pneumonia epidemic is still wanton all over the world, and under the blow of the epidemic, the economic development of almost every country has suffered a waterloo of its own economic development. According to the data reported by foreign media recently, we can see that in the world's major economies,India's economy is in the worst situation, with a year-on-year decline in India's just-released Q2 economic reportIt is also the largest decline in the history of the Indian economy.

These include the mining, manufacturing, and construction sectors, which have not only been traumatized, but most importantly, India's domestic unemployment rate has been high, which has led to a significant reduction in national consumption, and from the impact on manufacturing and other industries, this can be said to have formed a cycle that is not conducive to the Indian economy. India's GDP plummeting this time is actually inseparable from the spread of the new crown pneumonia virus, according to relevant reports, India's economy in many industries has been severely hit. However, this is also unavoidable, because during the worst period of the epidemic in our country, the unemployment rate also reached a very high point.

The main culprit of India's serious economic downturn, everyone actually knows that the epidemic, not only that, but even the economies of the United States and China have been affected, the current policy position of the United States is to increase the balance sheet with huge debt, of course, these debts are mainly generated for emergency release of funds, not any kind of investment to improve productivity, the dollar has been ** so far this year, this kind of effort by the United States to the economic crisis is actually very sad, because this practice is likely to rekindle inflation later.

No matter what,At present, the global economy is in a state of depression, which is not a matter of one country, and requires the joint efforts of all countriesIf a few countries continue to engage in self-righteous unilateralism, then the country's economy will continue to develop in the opposite direction in the near future.

will affect the country's economic system. The restaurant industry has always been an important part of India's GDP, and the closure of restaurants will affect India's economic system.

No, the collapse of some companies means the rise of others of the same nature, and the closure of restaurants may mean the rise of some food delivery companies, but it does not affect the economic system of India.

The catering industry is one of the industries that has been hit the hardest by the epidemic, but the people take food as the sky, and the epidemic cannot stop the development of the catering economy.

I think it will. Because local life has fallen into chaos, many people have lost their jobs, which will have a serious impact on economic development and change.