India overtook China to top the global Retail Development Index in 2017 with a market attractiveness of 63.4% and retail sales of about $1 trillion, CBRE South Asia said in the report. File photo: Indranil Bhoumik/MintBengaluru: Investments in India’s retail market by private equity firms and wealth funds touched $200 million, a report on the first half of 2017 by real estate consulting firm CBRE South Asia Pvt. There were 70 new entries or expansions by global and domestic brands across Mumbai, Delhi-NCR and Bengaluru during the first six months of the year, the firm said in its India retail market report published on Thursday. India overtook China to top the global Retail Development Index in 2017 with a market attractiveness of 63.4% and retail sales of about $1 trillion, CBRE South Asia said in the report. Many retail developments were completed across select cities and resulted in about 1.5 million square feet of fresh supply entering the market.

Source: Mint August 17, 2017 14:26 UTC