{"id":1656,"date":"2016-06-08T07:50:11","date_gmt":"2016-06-08T07:50:11","guid":{"rendered":"https:\/\/sunkrish.com\/?p=1656"},"modified":"2017-03-06T11:52:55","modified_gmt":"2017-03-06T11:52:55","slug":"india-ranks-second-on-grd-index-on-ease-of-doing-business-study","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/06\/08\/india-ranks-second-on-grd-index-on-ease-of-doing-business-study\/","title":{"rendered":"India ranks second on GRD index on ease of doing business : study"},"content":{"rendered":"

\"\"<\/a>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 China.<\/strong><\/p>\n

According to 2016 Global Retail Development Index (GRDI), which ranks 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.<\/p>\n

Debashish Mukherjee, a partner with A T Kearney and co-head of the Consumer Industries & Retail Products Practice for India and Southeast Asia, said,<\/p>\n

India\u2019s strong ranking reflects foreigner retailers increased optimism in its retail market and its vast growth potential.\u00a0India has relaxed several key Foreign Direct Investment (FDI) regulations in single-brand retail and this has paved the way for multinational firms to enter the market, Mukherjee said.<\/p>\n

India\u2019s retail sector has expanded at a compound annual growth rate of 8.8 percent between 2013 and 2015, with annual sales crossing the $1 trillion mark, according to A T Kearney, a London-based business consultancy.
\nIndia has also become the world\u2019s fastest growing economy. That, coupled with a large population base and the easing of FDI regulations in the sector, has made it an even more attractive market, it said in the ranking.<\/p>\n

We expect to see e-commerce to propel India\u2019s growth and make it a more attractive proposition. However, there are some challenges as well. India remains a challenging and complex market for foreign retailers, where understanding dynamics at the state level is important.\u00a0Infrastructure bottlenecks including labour laws, complex regulations, high labour attrition rates, and limited high-quality retail space remain areas of concerns for retailers,\u00a0Mukherjee said.<\/p>\n

The country\u2019s retail sector has also benefited from the rapid growth in e-commerce. India is the world\u2019s second largest Internet market and the increasing Internet and smartphone penetration is contributing to the expansion of e-commerce.<\/p>\n

As Indian consumers become more comfortable with shopping online, venture capital and private equity firms have boosted investment in the sector, providing further momentum, the report said.<\/p>\n

Source: http:\/\/yourstory.com\/2016\/06\/india-ranks-2nd-on-ease-of-doing-business\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 China. According to 2016 Global Retail Development Index (GRDI), which ranks top … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":4053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,493,5],"tags":[311,343,298,304,340,602,549,302,291],"class_list":["post-1656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-corporate","tag-e-commerce","tag-ease-of-doing-business","tag-foreign-direct-investment","tag-global","tag-global-retail-development-index-grdi","tag-infrastructure","tag-international","tag-make-in-india"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=1656"}],"version-history":[{"count":5,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1656\/revisions"}],"predecessor-version":[{"id":4214,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1656\/revisions\/4214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/4053"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=1656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=1656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=1656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}