AT Kearney’s GRDI (Global Retail Development Index) ranks India the #1 spot for retail investments (India scored 92/100, while Russia and China stands at 89 and 86 respectively).
And this is the third time, India has bagged the #1 position!
The annual A.T. Kearney Global Retail Development Index ranks 30 emerging countries on a 100- point scale—the higher the ranking, the more urgency there is to enter a country. Countries were selected from a list of 185 based on three criteria:
- Country risk: more than 35 in Euromoney’s country-risk score
- Population size: more than two million
- Wealth: GDP per capita more than $3,000 (GDP per capita for countries with populations of more than 35 million is more flexible due to the market opportunity
The Indian Retail industry is expected to grow from its current $350 billion to $427 billion by 2010 and $635 bn by 2015.
The report cautions the players to localize the store formats, especially when targeting the tier-II cities (something which Kishore Biyani has always believed in)