India's quick commerce market set to surge to $70-90 billion by FY31

India's quick commerce market is poised for substantial expansion, with projections indicating the sector could reach $70-90 billion by fiscal year 2031, according to market research by Redseer Strategy Consultants in partnership with Google.

The sector is anticipated to grow at a compound annual growth rate of 41-48 percent during this period, reflecting the rapid acceleration of ultra-fast delivery services across the country. Industry analysts attribute much of this growth trajectory to the widening adoption of quick commerce platforms in non-metropolitan regions, signaling a geographic shift in consumer behavior beyond India's traditional urban centers.

A key metric underscoring this expansion is the expected surge in monthly transacting users, which are projected to exceed 100 million. This milestone would represent a significant milestone in the mainstream adoption of quick commerce, suggesting the model is transitioning from a tier-1 city phenomenon to a pan-India service.

The growth outlook reflects broader consumer trends toward convenience and faster delivery options, even as quick commerce platforms continue to refine their business models and operational efficiencies. The expansion into smaller towns and rural-adjacent areas is expected to unlock new customer segments and drive the market's upward trajectory toward the end of the decade.