Colocation, cloud services build backbone of India’s $1 trillion digital economy mission: Report

New Delhi: The colocation and cloud services segment in India is building the backbone of the nation’s $1 trillion digital economy mission, a report said on Monday.

Data centres and cloud platforms form the backbone of India’s fast-growing digital economy, which is expected to reach $1,460 billion by the Financial Year 2030 (FY30).

Meanwhile, colocation and cloud can deliver secure, scalable infrastructure powering enterprises, hyperscalers, and government digital growth, Equirus Capital, a full-service investment banking firm, said in its report.

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