Growth investing is a strategy focused on identifying companies that are expected to grow their revenues and earnings at a significantly faster rate than the broader market, even if their current valuations appear high by conventional metrics. Growth investors prioritise future earnings potential over present-day cheapness, targeting businesses in expanding industries—such as technology, consumer discretionary, and healthcare—with durable competitive advantages and large addressable markets. In India, growth investing has rewarded patient investors in companies across new-age technology, specialty chemicals, and consumer finance sectors. The key risk is that high valuations leave little room for error if growth disappoints.