New Delhi, Nov. 11 -- 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 florish in next 400 cities, and general trade (GT) i.e Kiranas/Mom & Pop shops, to lead in 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 report notes, "We expect GT to lose ground to QC, EC, and MT - but predict healthy growth in MT and EC going ahead as well."

The study identifies the Top 40 Indian cities, mainly...