India Ranks 2 on Global Retail Index for Ease of Doing Business

A pick up in GDP growth and better clarity regarding FDI regulations have helped India achieve a second ranking. (Photo: iStockphoto)

• 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.)