A recent study by AT Kearney, which is released each year, shows that there has been a change in this year's rankings. In 2009, we found India at the top, but this year the country ended up in third place. In addition, Uruguay and Kuwait have entered the top 10 list.
The main reason that these countries now are on the top 10 list is that the main part of the population live in the cities.
Furthermore, the geographical location is great. In Kuwait, the focus is now not only on oil. Instead, the focus is to get a better economy overall and it should be mentioned that H&M and Ikea are established in the country.
The reason that India ended up on the third place is considered to be the lack of investment opportunities. Previously, India has had a lot to offer for foreign companies and there are still opportunities despite the lower ranking. The global retail industry is predicted to have a great future and the competition among the markets is predicted to increase.
Top 10
1. China
2. Kuwait
3. India
4. Saudi Arabia
5. Brazil
6. Chile
7. The United Arab Emirates
8. Uruguay
9. Peru
10. Russia
Cecilia Helland
Source
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