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India Investment Opportunities Beyond Tier 1: Where the Next Phase of Growth Is Being Built
When European investors assess India investment opportunities, the conversation usually centres on Mumbai, Delhi and Bengaluru. These cities remain India’s economic anchors. Yet a growing share of the country’s entrepreneurship, consumption and corporate investment now takes place in cities that few European investors have visited, and whose scale is often underestimated. This article is written for professional investors considering an allocation to India. It explains what India’s city tiers mean, compares their size with familiar European cities, and sets out why Tier 2 and Tier 3 cities are becoming centres of talent and investment. It closes with what this shift means for investing in India, and where we see a gap between economic activity and the capital that follows it.
