August 9, 2012:New Delhi: According to US-based global management consulting
firm, A.T. Keamey, vide its Report on 2012 Global Retail Development
Index, India has been ranked the fifth most attractive destination for
retail investment among 30 developing countries. The Report further
states that India remains a high-potential market with accelerated
retail market growth of 15 to 20 per cent expected over the next five
years. It further mentions that the growth is supported by strong macro
economic conditions including a 6 to 7 percent rise in GDP, higher
disposable incomes and rapid urbanization.
This information was given by the Minister of State for Commerce and
Industry, Shri Jyotiraditya M. Scindia in a written reply in the Rajya
Sabha today.
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