India is 2nd best for retail investment
Q. What is India’s current position as per 2016 Global Retail Development Index (GRDI) for retail investment?- Published on 07 Jun 16a. 5th
b. 3rd
c. 2nd
d. 1st
ANSWER: 2nd
- India has jumped 13 positions from last year to rank second among 30 developing countries this year on ease of doing business. This was revealed in 2016 Global Retail Development Index (GRDI) which ranks top 30 developing countries for retail investment worldwide.
- Pick up in GDP growth and better clarity in FDI regulations have helped India to achieve a second ranking. The country has relaxed several key FDI regulations in single-brand retail which has paved the way for multinational firms to enter the market.
- It is the world's second largest internet market and the increasing internet and smartphone penetration is contributing to the expansion of e-commerce.
- The GRDI report says as Indian consumers become more comfortable with shopping online, the venture capital and private equity firms have boosted investment in the sector providing further momentum.
- The study is unique as it not only identifies the markets that are most attractive today, but also those that offer future potential.
