Tech
Quick commerce to lead metros, modern trade to flourish in next 400 cities: Bernstein
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India’s internet economy is entering a new phase of growth with evolving dynamics across city tiers, according to a Bernstein Research report.
The report projects that quick commerce (QC) will dominate in top cities while modern trade (MT) like DMart, Reliance Retail, etc, will flourish in the next 400 cities, and general trade (GT), i.e kiranas/mom and pop shops, to lead in the remaining smaller cities and villages.
“QC will dominate in the Top-40 cities, MT to flourish in the Next-400 cities and GT to lead the Last-4000 cities,” said the report.
The…
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