India, on strength of its robust 25 to 30% growth in modern retail formats last year, as opposed to 13% for both China and Russia, has emerged as the most attractive retail investment destination on Global Retail Development Index (GRDI) 2007. This is India’s third consecutive top ranking on the index.

While, India emerged numero uno on the rankings based on a score of 92 out of 100 points, Russia and China closely followed the rankings with 89 and 86 points. Vietnam and Ukraine, which were ahead of China in 2006, were ranked 4th and 5th with respective scores of 74 and 69 points, this year. China could vault past Vietnam and Ukraine this year mostly on account of continued growth in consumer spending (13%) as well as movement of modern retailers into smaller cities. Chile, Latvia, Malaysia, Mexico and Saudi Arabia were ranked 6th to 10th on the list…..

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