As many as 70 restaurants in Mumbai have shut shop in the past six months, owing to spiralling costs, high taxes and a downturn in the economy.
"High charges and various other expenses have forced these restaurants to pull down their shutters,'' said S P Jain, president, Pride group of hotels.
India's commercial capital has been at the centre of a terrorist attack last month. Moreover, spiralling rentals, high input costs and a plethora of taxes levied by the local government has rendered restaurants and several businesses unviable.
