India, China and the Retail Industry Research Assignment

NameInstitution AffiliationDate
Retail Markets in India and China
A study report released by the Global Retail Development Index (GRDI) in the year 2013 shows that China is the fourth globally concerning retail development. On the other hand, the position of retail development In India fell to position fourteen globally as compared to 2012 CITATION Der13 \l 1033 (Derek, 2013).
Although the position of China fell from third to fourth, the attractiveness of China as a destination for most of the retailers in the world remains. Small scale and medium-size retail outlets in China are becoming so popular because they accommodate the demands of the consumers. Another growing trend in China is an increase in the number of malls to the local culture. It has over 3000 malls. They are located in the major cities where the number of retail consumers is large.
The retail market in India is expected to double to US $ 1 Trillion by the year 2020. This is due to income growth and urbanization that is experienced in India. The overall retail market is expected to grow at the rate of 12% per year. India h...