Wednesday, September 02
UK-based fast-food chain German Doner Kebab (GDK) plans to open its first restaurant in India early next year, as it targets 1 billion pounds ($1.32 billion) in global sales within five years, CEO Simon Wallis said. India is "an important part of that growth plan" and "ripe" for its products, Wallis told Reuters in an interview on Thursday, citing the nation's rising middle class and growing protein consumption. "It's a thriving economy, which is one reason why a number of brands are attracted to the Indian market." The kebab chain, backed by private equity firm True, aims to grow its network to nearly 900 outlets from more than 170 across the UK, Europe, North America, and the Middle East. Global brands from Little Caesars to Papa John's International are stepping up expansion in India,
Exceeding expectations and marking a six-quarter high, India's gross domestic product (GDP) quickened to 8.2% in the second quarter of FY26, up from 5.6% in the same quarter last year. The expansion is underpinned by strong rural and government expenditure even as private capital spending remained subdued.India's GDP in the last quarter follows a 7.8% growth in the April–June quarter.Private consumer spending, which accounts for around 57% of GDP, rose 7.9% year-on-year in July-September, compared with a 7.0% rise a quarter ago. Apart from consumption, the strong economic performance was led primarily by the manufacturing sector, which grew 9.1 % year on year as against 2.2% in the same period last year.Meanwhile, the country's nominal GDP grew at 8.7% during the previous quarter.An Econ
