India ranked 2nd on GRD index on ease of doing business

India has been ranked second position as per 2016 Global Retail Development Index (GRDI) released by London-based business consultancy A T Kearney. 

India has jumped 13 positions from last year (2015) to rank second among 30 developing countries on ease of doing business. 

Key Highlights of 2016 GRDI 

• The sharp 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 8.8% between 2013 and 2015, with annual sales crossing the US 1 trillion dollars mark. 
• India has also become the world’s fastest growing economy and more attractive market due to its large population base and easing of FDI regulations in retail sector. 
• India’s retail sector has also benefited from the rapid growth in e-commerce. Being world’s second largest internet market and increasing smartphone and internet penetration has contributed to the expansion of e-commerce. 

About Global Retail Development Index (GRDI) 

• The GRDI is annually published by London-based business consultancy A T Kearney. 
• It analyses 25 retail-specific and macroeconomic variables to help retailers devise successful global strategies to identify emerging market investment opportunities. 
• The study is unique as it identifies the markets that are most attractive in present and also their future potential.