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India ranks second in retail potential

Clarity on FDI, improved ease of doing biz push country up 13 notches among 30 developing countries

Patanjali Pahwa  |  Mumbai 

India jumped 13 positions and was placed second in retail potential in the 2016 Global Retail Development Index (GRDI), released by AT Kearney, a Chicago-based consultancy. The country was ranked 15 in the previous year. The report profiled 30 developing countries. "India's high ranking is driven by GDP (gross domestic product) growth, improved ease of doing business, and better clarity regarding FDI (foreign direct investment) regulations. India is now the world's fastest-growing major economy, overtaking China, and retail demand is being fueled by urbanisation, an ...

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First Published: Tue, June 07 2016. 00:58 IST
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