Kewal Ahuja SGF Fraud – The Accurate Example of Latest Franchising Frauds in India
Pandemic was a time when we saw all kinds of new business plans rising up in the market like mushrooms in rain. During the pandemic period, majority of the people were asked to leave jobs or work from home. The people who were being told to leave their job or lost their jobs during this pandemic, were in need of finding an option to get their livelihood generated by some or the other means of business. This was the time when franchise business also gained momentum in India. The Indian economy is growing at the fastest rate, and its middle class is growing at the fastest rate. The food industry in India is expanding, and analysts project that it will expand at a growth rate of 10%. The franchising business is growing at a healthy 30–35% per year and is expected to reach $ 100 Billion in 2024. Food franchises in India are also the new talk of town. Every business field have some hidden traps here and there in them. Fraud in food franchising is also one such trap that have drastically inc...