swiggy: Food delivery sector will surpass 20% growth over the next two to four quarters: Report

India’s food delivery sector, which had been growing at around 17-18%, is expected to accelerate and surpass 20% growth over the next two to four quarters, driven by the festive season and the boost from recent GST rate cuts, according to a report by brokerage Motilal Oswal.

“Discretionary spending could rebound, supported by GST reforms that leave more disposable income in the consumer’s hands. As confidence returns, both dining-out and at-home delivery should accelerate too, providing a boost to platform order volumes as well as order…