• warning: Illegal string offset 'type' in /home/retailri/public_html/modules/node/node.module on line 393.
  • warning: Illegal string offset 'has_title' in /home/retailri/public_html/modules/node/node.module on line 427.
  • warning: Illegal string offset 'has_title' in /home/retailri/public_html/modules/node/node.module on line 429.
  • warning: Illegal string offset 'title_label' in /home/retailri/public_html/modules/node/node.module on line 430.
  • warning: Illegal string offset 'has_body' in /home/retailri/public_html/modules/node/node.module on line 434.
  • warning: Illegal string offset 'has_body' in /home/retailri/public_html/modules/node/node.module on line 436.
  • warning: Illegal string offset 'body_label' in /home/retailri/public_html/modules/node/node.module on line 437.
  • warning: Illegal string offset 'help' in /home/retailri/public_html/modules/node/node.module on line 441.
  • warning: Illegal string offset 'min_word_count' in /home/retailri/public_html/modules/node/node.module on line 444.
  • warning: Illegal string offset 'custom' in /home/retailri/public_html/modules/node/node.module on line 447.
  • warning: Illegal string offset 'modified' in /home/retailri/public_html/modules/node/node.module on line 450.
  • warning: Illegal string offset 'locked' in /home/retailri/public_html/modules/node/node.module on line 453.
  • warning: Illegal string offset 'type' in /home/retailri/public_html/modules/node/node.module on line 456.
  • warning: Illegal string offset 'orig_type' in /home/retailri/public_html/modules/node/node.module on line 456.
  • warning: Illegal string offset 'is_new' in /home/retailri/public_html/modules/node/node.module on line 457.
  • warning: Illegal string offset 'name' in /home/retailri/public_html/modules/node/node.module on line 395.

India loses top position in A.T. Kearney's GRDI Rating

India loses top position in A.T. Kearney's GRDI Rating

After reigning for three-year continuously; as the most attractive emerging market destination for retail investment, India lost its top position to Vietnam according to the seventh annual Global Retail Development Index (GRDI). This is a study of retail investment attractiveness among 30 emerging markets conducted by consulting major A.T. Kearney. Vietnam's jumped from fourth in the 2007 GRDI to first place in 2008. The reasons for this promotion are strong GDP growth, changes to the country's regulatory structure favoring foreign investors, and increasing consumer demand for modern retail concepts.India, Russia and China, the top three countries in last year's GRDI, fell to second, third and fourth, respectively, in the 2008 GRDI.While India and others are still very important retail investment destinations,high real estate costs in large cities and growing competition have hurt their attractiveness relative to prior years and forced retailers to look for opportunities in tier II and III cities.

About the Global Retail Development Index

GRDI Rankings

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



Read Also,

McKinsey on Indian Retail : "The Great Indian Bazaar"

KPMG ASSOCHAM Retail Report's Snapshot

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