Modi's demonetisation worked very well for restaurants in Mumbai and Delhi. This is why
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The demonetisation of currency notes of Rs 500 and Rs 1,000 have taken the country by storm. Black money holders are looking for ways by which they can get rid of the black money and others who don’t have any black money are facing a cash crunch as this move has started a nationwide crisis.At this juncture, people hanging out in the pubs across the metro cities of the country aren’t facing much trouble. The proof being the statistics of the payment done by customers in last two days including today at restaurants in Delhi NCR. While people who go hanging out with friends and families tend to pay plastic money, the numbers have gone really up since yesterday.
At Twist, Cyber Hub, a place specializing in oriental cuisine, the ratio of people paying by cards is normally 75% versus 25% in cash. “Since this big announcement of doing away with 500 and 1000 rupee notes has been made, there has been a mode of panic and yes, short term we do expect to see the hospitality sector getting hit. In the longer run, I think people will still go out and eat and enjoy good food and ambience, so this is only a temporary phase. Give it a few days and everything will be back to normal,” said
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Keeping in mind the better side of this instant crisis, all restaurateurs are totally in support of this as this is the roadmap to curb corruption.
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