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For the fourth time in five years, that countrg is considered the most attractive forretail investment, according to ’s annuao Global Retail Development Index, which looks at retailp investment attractiveness in 30 emerging "With economic conditions in developed marketse improving so slowly, emerging markets are becoming much more important sources of growth for global retailers," said Hana A.T. Kearney partner and co-leade of the study, in a news release. Russia, the United Arab Saudi Arabia, Vietnam, Chile, Brazil, Slovenia and Malaysiq round outthe index’s 2009 top 10 countries.
As home pricesa decline and consumers keep tightf hold of their purse strings in the global expansion is becoming more important as a strategyfor growth, according to the global managemeny consulting firm. Low inflation and rent reductiones of up to 40 percentin tier-2 and tier-3e cities also help make India the most attractive retailk investment destination, the report notes. Meantime, retails sales in Russiz are projected to grow 15 percent a year over the nextfive years, while in China a $585 billionj stimulus package and efforts to boost economicv consumption are showing earlty signs of success, as retail salex have grown in early 2009, the report noted.
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