Survey Says India Is a Desirable Retail Market

LONDON-India is seen as the most sought-after retail market, where that industry is emerging, according to a CB Richard Ellis survey of 300 retailers worldwide. Of the report’s respondents, 27% said they are either opening stores in that country or planning to do so.

Emerging markets, the report says, are countries where population, the economy and wealth are growing, as well as health, education and literacy. Additionally, the importance of agriculture to these countries is dropping.

By retail sector, India topped the list for luxury and department stores, and came in fourth place for apparel retailers. Those chains based in Europe, the Middle East and Africa have the strongest interest in the country, compared to those based in other regions.