India has emerged as the most alluring market for investment in the retail sector, surpassing the likes of China, Russia and the United Arab Emirates according to a recent report by US-based global management consulting firm A T Kearney. India has been ranked as the most attractive nation for retail investment among 30 emerging markets.
According to the entity’s Global Retail Development Index (GRDI), India is followed by Russia (2), China (3), United Arab Emirates (4) and Saudi Arabia (5). India was placed at the second spot last year. Similarly, the other four countries in the top five have improved their ranking, with the United Arab Emirates jumping 16 places from previous year’s 20th rank.
As highlighted on the Navyroof.com blog before there are still FDI barriers to entry in Indian retail which will limit the rate at which this happens. IKEA have recently put there plan to enter on hold for this very reason. We therefore feel it is more a case of India being very attractive but at the moment retailers are waiting at the gates for the locks to be opened!
Tags: A T Kearney Report, FDI barriers in India, Global Retail Development Index (GRDI), Indian retail, Indian retail investment
June 18th, 2009 at 11:08 am
No doubt India is one of the best option for real estate investment, the main reason is that when all the other countries are facing heat of economy crisis, India is progressing with consistency. Many foreign corporate houses are planning to invest in India in real estate business, govt is also eager to welcome those. Soon the bill allowing foreign investment in real estate business will be cleared.