New Delhi, Feb. 25 -- Quick commerce is expected to emerge as the fastest-growing segment in India's digital commerce sector, expanding at a compound annual growth rate (CAGR) of 45 per cent to reach USD 35-40 billion over the next five years, according to a report by McKinsey & Company.

The report noted that the quick commerce segment, currently valued at USD 5 billion-USD 6 billion in 2024, is projected to see rapid expansion driven by rising consumer demand for speed and convenience, especially in urban areas.

"Quick commerce is expected to grow the fastest, at a CAGR of 45 per cent," the report stated, adding that the segment is expected to reach USD 35 billion-USD 40 billion by 2030.

Quick commerce is rapidly gaining share in Indi...