India’s retail market could reach Rs 215 trillion by 2035, resurfacing a projection lifting retail-tech growth bets
Resurfacing a Financial Express analysis from around December 2025 that flags Eternal, Nykaa, Delhivery and IndiaMART as potential beneficiaries as India’s retail market is projected to grow from Rs 90–95 trillion in 2025 to Rs 210–215 trillion by 2035.
India’s retail market could more than double to Rs 210-215 trillion by 2035. Eternal, Nykaa, Delhivery and IndiaMART are highlighted as retail-tech beneficiaries, with Eternal’s quick commerce at breakeven and Nykaa expanding stores, rapid delivery and B2B reach.
Why this matters
The projection complements resurfaced signals on Eternal’s 202% Q3 revenue increase, 200+ net store additions and quick-commerce nearing breakeven, alongside reports of Q3 growth at Nykaa and Delhivery.
retail-company is accelerating, up 566400% QoQ.