China Will Become The World'S Largest Retail Market In 3 Years.

According to the report, although China's GDP growth rate fell to its lowest level in 25 years - 7.4% in 2014, the growth rate of 11.6% of the retail market is enough to make China stand out in front of other developing markets.

He Xiaoqing, a partner in the consumer and retail business of corney, said: "the rising income level, the continuous urbanization process, and the huge shopping intensity.

And the positive pformation of China's consumption driven growth mode will push China's retail market to continue to grow in the next few years.

At the same time, He Xiaoqing also pointed out that e-commerce has played a pivotal role in the growth of China's retail market.

Alibaba, Jingdong and other leading e-commerce enterprises not only open new channels for consumers in big cities, but also are committed to providing better services for small cities and rural areas. Some large brand entities are opening more stores in these areas.

Kearney predicts that if China's retail market is developing with this trend, it is expected to squeeze the United States by 2018 and become the largest retail market in the world.

India retail market is expected to reach US $1 trillion and 300 billion in 2020.

It is understood that the current retail market in India is valued at 925 billion US dollars and the annual compound growth rate is 5.8% in the 2010-14 years.

According to reports released by corney management consulting company, the reformist government led by Modi put forward ambitious development goals and plans to increase India's business convenience ranking from 142nd in the world to fiftieth in the next two years.

At present, consumer confidence and investor confidence in India are showing signs of recovery.

The report predicts India.

The market will continue to grow, and the market is expected to reach US $1 trillion and 300 billion in 2020.

In the latest year's list of global retail development index, India's rankings have risen 5 to fifteenth, according to Kearney management consulting.

The report also pointed out that the next five years, India's economy will maintain strong growth, which means that in the India market, the single brand retail industry, cash on hand stores and e-commerce will usher in great development.

The development turning point of physical retail stores will come along with the opening of foreign direct investment into multi brand retail industry, but this will not be implemented in the short term.

According to the report, WAL-MART will open a new one in Agra City in the year.

And plans to open 50 wholesale stores based on 20 wholesale stores in India in the next five years.

In addition, the 2015 global retail development index also includes a study of the prospects of luxury consumption in developing countries.

The study analyzed 15 leading luxury brands and their business scope in the top 30 index countries.

The analysis shows that the development of luxury goods in emerging markets presents three levels of trend, which have different effects on brands that are committed to enter new markets or expand business in emerging markets.

Since its first launch in 2001, he has ranked the retail market of developing countries in the world.

The index analyzes 25 macroeconomic factors and specific retail variables to help retailers formulate successful global strategies and explore investment opportunities in emerging markets.