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August 22, 2012

2012 Global Retail Development Index

US based management consulting firm A.T. Kearney published the 2012 Global Retail Development Index (GRDI) and India has been ousted from 4th position by China. The index ranked 30 of the world’s top developing countries for investment in retail. Brazil was ranked first, followed by Chile, China, Uruguay and India.

The top spot was clinched by Brazil, a country which has been a lucrative host for retail investments from all over the world. The report credits Brazil’s top spot for 2nd year in a row due to the high levels of consumption from a large urban population.

China moved 3 places up to take 3rd rank in the index and the A.T. Kearney report expected a ‘double-digit’ increase in annual retail sales.

India’s drop from 4th to 5th seems to have been triggered by a lack of organized retail penetration and FDI restrictions. On the brighter side, the report expects strong and ‘accelerated’ retail growth in India. It notes a potential percentage increase of up to 20% in retail markets, boosted by a growing GDP, strong macroeconomic conditions, urbanization and an overall higher demand. 

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