Summary:

India's data centre market is expected to grow from Rs. 38,984 crore (US$ 4.5 billion) in 2023 to Rs. 1,00,491 crore (US$ 11.6 billion) by 2032, driven by infrastructure expansion and increased demand for digital services. The annual growth rate is projected to reach 10.98%. India benefits from a cost advantage due to its strong IT infrastructure and affordable real estate, with development costs significantly lower than in Australia, Japan, and Singapore.

India's colocation data centre capacity will reach 977 MW in 2023, reflecting a 105% year-overyear increase. Between 2024 and 2028, 1.03 GW is under development, with an additional 1.29 GW planned. The government has approved 23 public and private cloud providers for the GI Cloud initiative (MeghRaj), which will support various departments. As of November 30, 2024, the National Informatics Centre’s cloud platform supports 1,917 applications. The Economic Survey evaluates the nation’s economic health.

Source: IBEF

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