After 17 yrs, McDonald's expects to earn profits in India

Riding on the back of a major expansion spree, global fast food chain McDonald's on Monday said it expects the Indian operations to be profitable from the next fiscal, 17 years after it set up shop in the country.

The company, which achieved break-even in 2007, is expecting returns on its investments from the current year.

"We achieved cash break-even last year and we hope our real profits will start here-on,"McDonald's India Franchisee (Northern and Eastern) Managing Director Vikram Bakshi said.

McDonald's currently runs 126 restaurants in India.