39th Position of India in retailer's global favorite places

India Climbs the Ranks in Global Retailer Preferences

Despite countries like China and Britain leading the pack, India has secured the 39th position in the world's most preferred list of retailers, as per the latest survey.

A Notable Leap in Rankings

In 2008, CB Richard Ellis (CBRE), a renowned real estate consultancy, conducted a survey titled 'How Global is the Business of Retail?' where India was ranked 44th in retailer preferences. The recent survey reveals an appreciable growth of 5 ranks in just 2 years.

Survey Methodology

The annual CBRE survey engages approximately 294 top retailers worldwide, spanning across 69 countries. The top spots were claimed by:

  • 1st: Britain
  • 2nd: UAE
  • 3rd: US
  • 4th: France
  • 5th: China

Insights from CBRE Leadership

Anshuman Magazine, Chairman and Managing Director of CBRE, acknowledged the commendable growth of India's retail market since the last survey. However, he noted that the recent global economic crisis has led to a slowdown in retail project completions, impacting the sector's overall activity.

Key Takeaways:

  • India's global retailer preference ranking improves to 39th
  • 5-rank growth in 2 years, from 44th in 2008
  • CBRE's annual survey covers 294 top retailers across 69 countries
  • Global economic crisis slows down Indian retail project completions