Dedicated To Mumbai
Home > Business & Investment > Global Retailers Eyeing India

Global Retailers Eyeing India

Monday, August 29, 2016
By Dominic Rebello

India is becoming an attractive destination for global retailers with further liberalisation of the FDI policy and creation of business friendly environment. The growing potential of Indian retail market is already manifested by the entry of several marquee global retailers in last one year and now India has become a key market for global retailers, who are intent on capitalising on the growing opportunities in the country

Leading International Property Consultancy JLL India released its latest research report on the Indian retail real estate sector, which was unveiled by JLL India's Chairman & Country Head Anuj Puri at the Retail Real Estate India 2016 CXO Meet & Conference last Friday in Mumbai.

The report, entitled ‘Winds of Change’, provides an explicit Indian perspective on global destination in retail trends in 2016, which examines the presence of 240 international retail brands across 140 key retail cities, and the drivers of expansion as well as the opportunities and barriers for retailers across the globe. India did anything but hit the high notes in this report, but the factors that have led to the country's unspectacular rankings are definitely changing.

Published by International Property Consultancy JLL India on the Indian retail real estate sector, the study was unveiled by JLL India's Chairman & Country Head Anuj Puri expounded a number of facts on the fast changing scenario at the Retail Real Estate India 2016 CXO Meet & Conference in Mumbai.

One of the key highlights was James Brown, International Director, Retail Research & Consulting, JLL who delivered an incisive Global Perspective on Retail Real Estate for Emerging Economies.

"In Destination Retail 2016, New Delhi - the top-ranked Indian city in the JLL Global Cross Border Retailer Attractiveness Index 2016, ranks at 92 and Mumbai at 109," said Anuj Puri. "London takes the top spot with the highest presence of global brands, followed by Hong Kong at second rank and Paris in the third place. Nevertheless, while India is without a doubt under-penetrated, the scenario is rapidly improving. The primary drivers for retail growth are in place - faster economic growth, rising affluence and consumerism, supportive government policies and enhanced flow of capital to the retail real estate sector. These factors are already proving to be dynamic magnets for global brands in the country."

Cities even from other developing countries such as Indonesia, Thailand, Philippines, and Vietnam rank hugely higher than Indian cities - Bangkok at 13, Jakarta at 24, Manila at 29 and Ho Chi Minh City at 37. This, at a time when India has emerged as the fastest-growing major economy in the world with GDP growth at 7.6% in 2015-16 and consumer confidence rock-solid.

James Brown said, "The MasterCard Index of Consumer Confidence for the first half of 2016 has placed India in 'extremely optimistic' territory. Also, the country's central government is pursuing an aggressive reforms-driven agenda. Big-ticket reforms like the GST bill will definitely propel India into a higher growth trajectory going forward. In such a dynamic growth environment, international retail brands will unerringly beat a path to India."

Interestingly, Bangalore, Hyderabad, Delhi, Chennai, Mumbai and Pune are among the top 10 cities with highest Retail Sales Growth Forecast between 2015-19 in the JLL Destination Retail 2016 report. India has also emerged at second position in the 2016 Global Retail Development Index by A.T Kearney. There is little doubt that the country is becoming an attractive destination for global retailers with further liberalisation of the FDI policy and creation of business friendly environment. The growing potential of Indian retail market is already manifested by the entry of several marquee global retailers in last one year. India has become a key market for global retailers, and they are intent on capitalising on the growing opportunities in the country.

India Story
New Delhi tops the rank of Indian cities in the JLL Global Cross Border Retailer Attractiveness Index 2016. It stood 92nd followed by Mumbai which ranked 109. The report by JLL titled Destination Retail 2016 ranks 140 global cities based on the presence of 240 global retail brands in those cities. These cities combined, account for 36% of the world’s GDP and over US$15 trillion of consumer spend. London takes the top spot with the highest presence of global brands. It is followed by Hong Kong at second rank and Paris at the third place.

Facebook
Tweet
COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
Email:    
Comments:
 
Sexual abuse of young girls is said to be very co
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)New developments around you will make you optimistic and enthusiastic about your future and career growth. You will be working with great determination and sincerity, which will win you the support of others. Those traveling for work will have a successful journey. News from distant places is good.
- Advertising -
In present times when learning international lang
Placing a premium on education, film director Som
Jai Hind College Gymkhana presented Monsoon Marat
Read More