axios-retry not working as expected. What is wrong with my config?

Question

I have configured axios-retry in my nodejs application as per https://www.npmjs.com/package/axios-retry

Following is my code

import axios from 'axios';
import axiosRetry from 'axios-retry';


export class RetryRoute {

  public async testRetry(
    req: express.Request,
    res: express.Response,
    next: express.NextFunction,
 ): Promise<any> {
     const client = axios.create({ baseURL: `http://www.test.com/` });
     axiosRetry(axios, { retries: 3 });

     client.get('/error') 
        .then(result => {
            this.logger.info('success', result);
            result.data; 
        }).catch(error => { 
            console.log('error', error.message);
            error !== undefined
        });
 }
}

console.log('error', error.message);. prints as expected. which means call is failed with code 404 as expected. But next call from retry not happening.