Jefferies has projected a sharp expansion in India’s data centre industry, forecasting capacity to rise fivefold to 8GW by 2030, driven by surging data traffic, rising demand for lower latency, regulatory requirements for data localisation, and the growing adoption of artificial intelligence. The brokerage estimated that this expansion would require facility capex of around $30 billion and fuel a fivefold jump in data centre leasing revenues to $8 billion by the end of the decade.
It highlighted that Bharti Airtel, Reliance Industries, and Adani Enterprises together could account for 35–40% of India’s data centre capacity by 2030. Beyond the telecom giants, Jefferies said the opportunity extends to ancillary sectors including construction companies, electrical and power equipment providers, and cooling system manufacturers, which are set to benefit from the infrastructure build-out.
The brokerage said the structural drivers of digital adoption and AI will ensure sustained demand, making the sector one of the key growth themes in India’s infrastructure story through the next decade.
Disclaimer: The views and recommendations made in this article are those of Jefferies. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
