India has overtaken China to take the top spot in the 2017 Global Retail Development Index (GRDI) released on Monday by management consulting firm AT Kearney. 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. The GRDI, now in its 16th edition, ranks the top 30 developing countries for retail investment worldwide. The Index analyses 25 macroeconomic and retail-specific variables.
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