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 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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