India overtakes China to top global retail index: GRDI


India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India’s rapidly expanding economy, relaxation of FDI rules and a consumption boom as the key drivers. The GRDI was titled as ‘The Age of Focus’, ranks China in second place. Malaysia was in the third position in the list.

The 16th edition of the 2017 Global Retail Development Index (GRDI), ranks the top 30 developing countries for retail investment worldwide and analyzed 25 macroeconomic and retail-specific variables. India’s rapidly expanding economy, easing of foreign direct investment (FDI) rules and a consumption boom are the key drivers for India’s top ranking in the GRDI.

Static Takeaways for IBPS PO Exam-

  • Top three countries in the list are India China and Malaysia
  • The GRDI 2017 was titled as ‘The Age of Focus’
  • The capital of Malaysia is in Kuala Lumpur.
Source- The Hindu Business Line

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