At IPEM Wealth 2026 in Cannes, Ajay Garg, MD & Founder of Equirus Capital, made a compelling case for why India is becoming one of the most exciting private markets destinations in the world and why the window to act is now.
Key takeaways from this interview
01. A $4 trillion economy, and just getting started India is now among the world's largest economies, with a demographic tailwind, rising middle class, and surging domestic consumption. Ajay argues that for investors still sitting on the sidelines, the cost of waiting is rising fast.
02. Breadth across sectors is the real story From financial services and manufacturing to consumer, technology, and healthcare, India's private markets offer diversified exposure across the full economic spectrum. This is not a single-sector bet; it's a structural transformation.
India has all the right ingredients. Consumption growth, engineering talent, financial services, technology. It's an interesting market across the board. - Ajay Garg, Equirus Capital
03. Getting in: Local knowledge is non-negotiable Navigating India requires more than capital. It demands on-the-ground presence, regulatory fluency, and trusted local relationships. Ajay's message to global investors: partner with those who know the market intimately, or risk being priced out of the best deals.
04. The next 10 years belong to India Exits are materializing, valuations are maturing, and institutional frameworks are strengthening. Ajay's conviction: India has the growth, the demographics, and the deal pipeline to be one of the top-performing private markets globally over the next decade.
