According to 2016 Global Retail Development Index (GRDI), India has jumped 13 positions from last year to rank second among 30 developing countries this year on ease of doing business, topped by China.
The study which ranks top 30 developing countries for retail investment worldwide, a pick up in GDP growth and better clarity regarding Foreign Direct Investment (FDI) regulations have helped India achieve a second ranking. India has relaxed several key FDI regulations in single-brand retail and this has paved the way for multinational firms to enter the market. 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 noted.
So let’s do:
1. Expand the term GRDI and FDI?
2. According to 2016 Global Retail Development Index (GRDI), which country is the top rank in GRD index on ease of doing business?
Source – The Hindu