India retail to hit Rs 215 trillion by 2035; Eternal, Nykaa, Delhivery, IndiaMART in focus
A BCG-RAI report projects India's retail market to more than double to Rs 210-215 trillion by 2035 from Rs 90-95 trillion in 2025, favoring retail-tech enablers. Eternal (Zomato) leads with revenue up 201.9% YoY to Rs 16,315 crore and quick commerce nearing breakeven in Q3 FY26.
BCG-RAI report projects India's retail market to hit Rs 215 trillion by 2035, favoring retail-tech enablers over traditional stores. Highlights Eternal (Zomato), Nykaa, Delhivery, and IndiaMART, with Eternal's quick commerce reaching breakeven in Q3 FY26.
Why this matters
Eternal leads a cohort of retail-tech enablers positioned to benefit as India's retail market doubles by 2035, with revenue up 201.9% YoY and quick commerce approaching breakeven in Q3 FY26.
Retail-company theme accelerating at +737900% QoQ.