New Delhi, April 24 -- The quick commerce (Q-commerce) segment in India has doubled annually over the past two years and is projected to reach USD 65-70 billion by 2030, according to a report by Flipkart and Bain & Company.

The report highlighted that India has emerged at the forefront of Q-commerce globally, with the segment scaling to USD 10-11 billion in gross merchandise value (GMV).

This growth has been supported by structural factors such as high population density, low manpower and real estate costs, and relatively low online grocery penetration.

It stated, "Q-commerce (delivery in less than 30 minutes), India has emerged at the forefront of Q-commerce globally".

Since its launch in 2020, the report stated that the e-grocery pe...