Restaurant prices in India have gone up sharply since the beginning of the year, as the government has started a series of measures to control rising costs, including curbs on high-end restaurants and curbs to the availability of imported foods.
The most popular Indian restaurants in terms of revenue are Mumbai’s iconic Taj Mahal, which took home $1.6 billion in revenue last year and Mumbai’s most popular restaurant, Bibloo, which earned $1 billion in its second year of operation.
But the Indian Restaurant Association of India (RIAI) said that there are only two restaurants in Mumbai that earned the top ranking for Indian Restaurants in the most popular categories.
“The trend has been going in the wrong direction.
There is no doubt that we need to bring prices down and give more room for the middle class,” said RIAI general secretary Ashish Khemka.
In terms of overall revenue, the number of restaurants in Bangalore had declined by more than 20% to 7,500 in 2015, according to data from the National Sample Survey Organisation (NSSO).
Bibloo, the most-popular Indian restaurant, earned $2.6 million in 2015 and earned $5.6m in 2014.
The Taj Maha, which is located in the southern city of Ahmedabad, earned almost $1 million last year, according a report by the Indian Express.
According to a report in The Hindu, the Indian Restaurations Association of Bengaluru (IRBGB), which represents some 1,000 restaurant operators across the state, has recommended that all restaurants, including high-priced ones, be subject to the curbs introduced by the government.
The curbs include a ban on restaurants selling more than 5,000 dinars (Rs 10,000) of food, and a cap on the number that can be opened.
Babu Bhiyadi, a member of the IRBGB board, said the restrictions are not enough to curb rising prices.
“The number of people going to restaurants is rising.
There has been a huge increase in demand for food, especially in urban areas,” he told The Hindu.
“It is the middle-class consumers who are going to consume these items.
A lot of people are buying expensive Indian food in order to get a taste of home.”
Bhiyadis views come as India is facing a serious food crisis and is facing growing concerns about the availability and quality of food in the domestic market.