India ranks second on GRD index on ease of doing business

India has moved 13 positions to rank 2nd among 30 developing countries in 2016 on ease of doing business and China is topped in the list.

Delegate: Debashish Mukherjee, a partner with A T Kearney and co-head of the GRD Index - IndiaConsumer Industries & Retail Products Practice for India and South east Asia.

2016 Global Retail Development Index (GRDI):

Listed top 30 developing countries for retail investment worldwide

Key Features of India:

  • Achieved second ranking by GDP Growth and FDI regulations
  • Has relaxed several key Foreign Direct Investment (FDI) regulations in single-brand retail and paved the way for multinational firms to join the market
  • India’s retail sector has improved at annual growth rate of 8.8 per cent between 2013 and 2015 and annual sales of USD 1 trillion
  • India has become the world’s fastest growing economy
  • Large population and the easing of FDI regulations
  • India is the world’s second largest internet market and the increasing internet and smartphone penetration is contributing to the expansion of e-commerce.
  • Indian consumers become more comfortable with shopping online, venture capital and private equity firms have boosted investment in the sector

Points Delivered by Mukherjee:

  • India’s growth will be improved by e-commerce
  • Remains a challenging and complex market for Foreign retailers
  • Infrastructure blocks including labour laws, complex regulations, high labour attrition rates and limited high-quality retail space remain areas for retailers

The GRDI surveyed 25 macroeconomic and retail-specific indices to help retailers devise successful global strategies to identify emerging market investment opportunities.

The study is dealt about the present and future potential of the market

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