In a survey, 3000 global retailers, representing a global portfolio of around twenty five thousand stores, who are looking to expand outside their domestic markets, have considered India as the most sought-after retail destination..
The survey was conducted by London-based C B Richard Ellis, a leading real estate services firm, to get latest insight into retailer attitudes towards the world’s emerging retail destinations.
The report suggest that 40% of the surveyed retailers believe emerging markets to provide their main source of growth over the coming five years. India is considered particularly attractive due to the size of its market compared to its low presence of international retailers.
‘With foreign rights rules being gradually relaxed, foreign investment is also now probable allowing single-brand retailers to own up to 51% of their India operations,’ notes the report.
Ukraine, Russia, Malaysia and Turkey followed India in this ranking. 27% of the surveyed retailers opened their first store in India last year or are planning to do so soon.
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