India's Quick Commerce retail market is witnessing a remarkable surge, reflecting its potential for sustained growth and evolution. According to a report by Anand Rathi, the Indian retail market, valued at Rs 76-78 trillion in 2023, is expected to reach Rs 116-124 trillion by 2028. Quick Commerce, which accounted for only 0.3% (Rs 224 billion) of the market in 2023, is projected to grow to 2-3% (Rs 2,320-4,240 billion) by 2028, achieving an impressive compound annual growth rate (CAGR) of 60-80%. This growth trajectory underscores the opportunity for multiple players to coexist and thrive in this sector.
This story is from the January 07, 2025 edition of The Business Guardian.
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This story is from the January 07, 2025 edition of The Business Guardian.
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