India Ranks Second on Retail Index

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India has jumped 13 positions from last year to rank second among 30 developing countries this year on ease of doing business, according to a study topped by

According to the 2016 Global Retail Development Index (GRDI), which ranks the top 30 developing countries for retail investment worldwide, a pick-up in GDP growth and better clarity regarding FDI regulations have helped India achieve a second ranking.

India’s retail sector has expanded at a compound annual growth rate of 8% between 2013 and 2015, with annual sales crossing the $1 trillion mark.

India’s retail sector has also benefited from the rapid growth in e-commerce. India is the world’s second largest internet market and the increasing internet and smartphone penetration is contributing to the expansion of e-commerce.

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