Crisil Research India hospital covid-19 Government Crisil Research India

Restaurants do not see immediate recovery

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India’s organized dine-in restaurants are on course for a 40-50% cut in revenue in FY21 due to the disruptions from covid-19, Crisil Research said in a recent note While restaurants await clarity from states on the standard operating procedure (SOP) for social distancing, owners of high-end eateries said the 9pm-5am curfew, curbs on serving alcohol and limited seating arrangements will delay revenue generation and a revival for the industry.

On Saturday, the government said restaurants outside containment zones can offer dine-in services from 8 June. The Maharashtra government, however, announced on Sunday that restaurants and other hospitality services shall remain prohibited in the state.

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