Mumbai, Feb 16 || India’s retail market is set for massive expansion over the next decade, with its size expected to more than double to Rs 210–215 trillion by 2035 from around Rs 90–95 trillion in 2025, according to a new joint report released on Monday.
The report, unveiled by Boston Consulting Group (BCG) and the Retailers Association of India (RAI) at the Retail Leadership Summit 2026 here underline the strong consumption momentum in the country and highlight how technology, especially artificial intelligence (AI), will play a defining role in shaping the next phase of retail growth.
It examines the structural shifts reshaping Indian retail, evolving consumer behaviour, and the strategic choices retailers must make to remain competitive.
India continues to be one of the fastest-growing major economies in the world, with GDP growth of 8 per cent in 2025.
Strong private consumption, particularly in discretionary and services spending, is driving this momentum.
The report said that India is on track to become the world’s third-largest economy by 2030, creating a significant opportunity for retailers over the next decade.