Labour costs account for one of the highest expenses, amounting to approximately 45 percent of the total operating costs and in some cases, it may be as high as 75 percent.
The finance minister has quite a few things on their table, ranging from increasing the pace of digitization, lower GST rate, stimulus package for the sector.
There will also be a paradigm shift in food consumption as people are looking at healthier choices with with 45% of young adults making healthier food choices by 2021.