New Delhi, 4 June (IANS). Quick Commerce (QC) Total Adresable Market (TAM) in India is expected to reach $ 57 billion by 2030 due to a boom in online orders in small cities and towns. This information was given in a latest report.
Morgan Stanley has updated its earlier forecast $ 42 billion in the midst of rapid adoption of Quick Commerce across the country. Global brokerage has increased its gross order value (GOV) forecast for the Quick Commerce segment in India by 9-11 percent for FY 2026-2028.
Brokerage also identified the leading catalist for this sector in the coming quarters, including a continuous increase in Quick Commerce GOV, continuous improvement in food delivery margin, and a stable competitive environment.
Quick commerce operators are continuously expanding including Blinkit, Instamart, Jepto and Flipkart minutes.
The report stated that the Quick Commerce business of the earlier (first zomato) is ready for development with a profit to make a profit in the medium period.
Brokerage said that the eternal is ready to dominate the growing profit pool, retaining the leadership position in both food delivery and quick commerce.
Recently, according to the venture Pulse of KPMG Private Enterprise, the global VC investment increased from $ 349.4 billion in 43,320 countries in 2023 to $ 368.3 billion out of 35,684 deals in 2024, as Quick-Commerce remained an attractive sector of investment in India this year.
E-commerce and Quick Commerce have increased 2-3 times faster than traded and modern trade channels, which has reduced the need for a large trade network to enter the market.
In April, Ban & Co. reported that digital payments are also gaining popularity, 45 percent of internet users are adopting digital payment for transactions.
According to the RBI, “Private final consumption in the economy is in a bright place, run by e-commerce and Q-commerce.”
-IANS
SKT/GKT
