India Secure 2nd Position on GRD Index on Ease of Doing Business [ Current Affairs ]

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India has secured second position in the 2016 Global Retail Development Index (GRDI) which was released by London-based business consultancy A T Kearney. India has flown 13 positions from last year (2015) to rank second among 30 evolving countries on ease of doing business.

graph of India economy growth

graph of India economy growth

graph of India economy growth

Key Highlights of 2016 GRDI

  • The shrill pick up in GDP growth and better clarity regarding FDI regulations have helped India achieve a second ranking.
  • India’s skill sector has extended at a multiple annual growth rate of 8.8 % between 2013 and 2015; with yearly sales journey the US 1 stacks dollars mark.
  • Due to large population and easing of FDI regulations in retail sector, India become the world’s fastest growing economy and more attractive market.
  • From the rapid growth retail sector of India also has benefited in e-commerce.
  • India is a second largest internet market and cumulative of smartphone and internet penetration which has contributed to the expansion of e-commerce.

About Global Retail Development Index (GRDI)

  • London-based business consultancy A T Kearney yearly announces the GRDI.
  • It examines 25 retail-specific and macroeconomic variables to help retailers formulate successful global strategies to recognize emerging market investment opportunities.
  • The study is unique as it recognizes the markets that are most striking in present and also their future prospective.

- Published on: June 8, 2016