- 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 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.
- India’s 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 AT Kearney, a London-based business consultancy.
(With PTI inputs.)
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