India’s data centre and cloud ecosystem is set to become the backbone of the country’s $1.46 trillion digital economy by FY30, according to a report by Equirus Capital. The study highlights how colocation and cloud services are enabling scalable, secure digital infrastructure for enterprises, hyperscalers, and government initiatives under India’s $1 trillion Digital Economy Mission.
The digital ecosystem rests on five key layers — hardware infrastructure, foundational AI models, real-world AI applications, data centres and hyperscalers, and data governance. Among these, data centres and cloud platforms are driving capacity creation and economic acceleration.
India’s data centre capex is projected to rise from Rs 175 billion in 2024 to Rs 575 billion by 2030, reflecting a 23 per cent CAGR