Tier-2 cities emerge as India’s biggest forex market
- Tier-2 and Tier-3 cities now account for 53% of India’s forex demand, overtaking metros and other Tier-1 cities at 47%.
- Tier-2 cities contribute 41% and Tier-3 cities 12%, according to Thomas Cook India’s Forex Report 2026.
- Leisure travel drives 57% of forex demand, ahead of corporate travel at 27% and overseas education at 16%.
- The trend reflects rising incomes, overseas travel and global spending among small-town consumers, pushing consumption beyond metros.
Source: economictimes.indiatimes.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
