India retail could reach ₹210–215 trillion by 2035, lifting retail-tech watchlist
A Financial Express analysis flags Eternal, Nykaa, Delhivery and IndiaMART as retail-tech plays as India’s retail market is projected to grow from ₹90–95 trillion in 2025 to ₹210–215 trillion by 2035. The signal spans quick commerce, beauty omnichannel, logistics and B2B commerce.
India’s retail market could reach Rs 210-215 trillion by 2035. Eternal, Nykaa, Delhivery and IndiaMART are highlighted as retail-tech plays, with Eternal’s quick commerce reaching breakeven and Nykaa expanding stores, rapid delivery and B2B distribution.
Why this matters
The outlook follows recent Eternal signals citing Q3 FY26 revenue growth of 202% and quick-commerce breakeven, plus coverage of Eternal and Nykaa’s Q3 gains as India’s retail market targets ₹215 trillion by 2035.
Retail-company signals are accelerating, up 309400% QoQ.