India Surpasses China in GRDI

New Delhi Aug 17: A report has been by real estate consulting firm CBRE South Asia regarding the retail industry in Asia.The main highlights of the report are

* India has surpassed China in the Global Retail Development Index in 2017.

* The country has become a preferred retail destination for global brands.

* 7 new global brands entered the country during the first half of 2017.

* $200 million have been invested in India in the retail sector.

* International brands already present in the country also expanded their presence.

* Big Bazaar has opened new stores in Mumbai, Bengaluru, and Chennai.

* Clothing retailers such as Max and Pantaloons have also expanded their presence
in the country.

* Kate Spade, Scotch & Soda, Pandora and Selected Homme have opened their first
retail store in India.

* H&M, Jack & Jones, US Polo, Taco Bell and Forever 21, have expanded their base
by opening new stores in the country.