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India Quick Commerce Market to Reach USD 90 Billion by FY31
M
Moneycontrol•07-10-2026, 18:38
India Quick Commerce Market to Reach USD 90 Billion by FY31
- •India's quick commerce market is projected to surge 5 to 7 times to reach USD 70 to 90 billion by FY31, capturing about 5 per cent of the total retail market.
- •Monthly transacting users on quick commerce platforms are expected to surpass 100 million by FY31, growing from an estimated 40 to 44 million in FY26.
- •The top eight metropolitan cities are anticipated to account for roughly 60 per cent of incremental gross merchandise value, contributing USD 45 to 60 billion.
- •Non-metro regions are expected to drive the remaining 40 per cent of growth, unlocking USD 28 to 33 billion by FY31 with user bases jumping significantly.
- •Quick commerce already dominates the domestic hyperlocal economy, capturing over 40 per cent of the USD 29 to 30 billion market in FY26.
Key Questions Answered
India's quick commerce market is projected to scale up 5 to 7 times to reach USD 70-90 billion by the 2030-31 (FY31) financial year, registering a compound annual growth rate of 41-48 per cent.
The top eight metropolitan cities—including Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Pune, and Ahmedabad—are anticipated to account for roughly 60 per cent of incremental gross merchandise value, contributing USD 45-60 billion by FY31.
Quick commerce anchored the domestic hyperlocal economy by capturing more than 40 per cent of the estimated USD 29-30 billion hyperlocal market in FY26, surpassing online food delivery and ride-hailing.
