Quote on Budget 2026-27 Expectations from Mr. Sanjay Kumar, CEO & MD, Rassense Pvt Ltd - Indian Food Services Sector
Below the Quote on Budget 2026-27 Expectations from Mr. Sanjay Kumar, CEO & MD, Rassense Pvt Ltd - Indian Food Services Sector
“The Indian food services sector is gearing up for the next Union Budget with a cautiously optimistic view, hoping for a policy that acknowledges its significant contribution to employment and urban consumption. The industry has been running on tight margins due to high input costs, rentals, and compliance expenses and thus, the sector is anticipating a GST rationalisation, especially input tax credit benefits for organised players, which will not only improve viability but also lead to formalisation. System incentives to promote skill development, food safety upgrades, and technology adoption across supply chains also align the sector's expectations.
The sector as well the economy would benefit well if energy-efficient kitchens and waste management solutions get budgetary support as sustainability is being increasingly focused on. The industry as a whole needs the Budget to strike a balance between affordability and business sustainability, thus paving the way for long-term growth in the Indian food services sector that is undergoing rapid evolution.”
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