India's e-commerce industry is on a trajectory to experience significant growth, with market size expected to soar from $125 billion in 2024 to $550 billion by 2035, according to a joint report by real estate consultant Anarock and ETRetail. This represents a compound annual growth rate (CAGR) of 15%. The report, unveiled at 'The Economic Times Great India Retail Summit 2025' in Mumbai, attributes this expansion to factors such as increasing internet penetration, widespread smartphone adoption, robust digital payment infrastructure, and a youthful, tech-savvy demographic. Government initiatives like 'Digital India' and advancements in logistics and supply chain networks further bolster this growth. Notably, e-commerce companies are extending their reach beyond metropolitan areas to tap into the rising demand from smaller towns and cities. Anuj Kejriwal, CEO & MD of Anarock Retail, highlighted that the overall Indian retail industry's market size is projected to reach $2,500 billion by 2035, a threefold increase from 2019, driven by rising disposable incomes, urbanization, and an expanding middle class.