Despite the "sophistication of its leading multinationals," Vivendi Universal and Carrefour among them, the report noted that budget deficits of 3.7% of GDP, restrictive labor laws and perceptions of government waste have all "battered the confidence of the business community".
The stores selling organic goods—including the French-based supermarket Carrefour, among other chains need a steady high-volume supply to maintain consumer confidence.
Global retail giants Tesco and Carrefour are among the partners in the region.
French retailer Carrefour is among several retailers who have been looking at such a route to enter the Indian market.
Carrefour, which is surpassed among retailers only by Wal-Mart, said Thursday that it expected the sale to raise about 3 billion euros ($4.1 billion).
Wal-Mart, Tesco, Carrefour and Ikea are among the multinational retailers that had expressed interest in investing in India if the rules were changed.
In a recent opinion poll by Posternak-Ipsos, which tracks the image perception of the largest French companies among consumers, Carrefour ranked 19th, behind its main rivals Intermarch Auchan, Leclerc, Casino and Syst?
In a recent opinion poll by Posternak-Ipsos, which tracks the image perception of the largest French companies among consumers, Carrefour ranked 19th, behind its main rivals Intermarché, Auchan, Leclerc, Casino and Système U. "It's fair to say their position as a national treasure has diminished," said Bryan Roberts, head of research at Planet Retail in London.
Among them were Carrefour, Amway, Pampers, Valvis Foundation, and The Group Foundation.
Even so, Europe-based retailers like France's Carrefour and the U.K.'s Tesco remained among the top 10 strongest retailers in 2010, according to Deloitte's report.
Among them have been Casino and Carrefour in France, Ahold of the Netherlands and Safeway and Sainsbury in Britain.The gloomy story can be explained by the structure of Europe's retailing market and how companies have responded to it.
