India has risen to 15th position on the back of solid growth in retail sales and strong prospects for future GDP growth. India's retail market is expected to grow to $1.3 trillion by 2020, and GDP is expected to grow at 8% over the next three years, making India the world's fastest-growing major developing market. India represents a good opportunity for international retailers in single-brand retail, cash-and-carry, and e-commerce, as the country appears to be on the cusp of a strong growth phase over the next five years. The tipping point for brick-and-mortar retail continues to be the opening up of FDI norms in multi-brand retail, a move that is not expected in the near-term. A show like GSI will allow everybody in the supply chain to come together and showcase their products and increase the growth rate.
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