New Delhi, July 3 -- Quick commerce is no longer a luxury service but has evolved into a permanent structural shift in India's urban retail landscape, with the segment expected to drive a significant share of the country's retail market growth over the coming years, according to a report by Anand Rathi Research.

The report said India's overall retail market, currently valued at around USD 1.07 trillion, is expected to grow at a compound annual growth rate (CAGR) of around 8-10 per cent during FY26-31, reaching USD 1.5-1.6 trillion.

Within the broader retail market, quick commerce has emerged as a key growth driver. According to the report, the gross merchandise value (GMV) of the quick commerce segment is projected to expand to around U...