India data centre revenue to touch Rs 20,000 cr by FY28
India’s data centre operators are projected to generate around Rs 20,000 crore in annual revenue by FY28, reflecting a compound annual growth rate of 20–22% between FY26 and FY28, ratings agency Crisil said in a recent report. The surge is being driven by rising enterprise cloud adoption, AI-led workloads and growing digital consumption among retail users, it added.
To keep pace, industry capacity is expected to more than double to 2.3–2.5 GW by March 2028, with 1.1–1.3 GW of incremental supply likely to come online over FY26–FY28. This expansion is underpinned by rapid migration to public cloud, increased investments in high-density AI infrastructure and the rollout of 5G, which is fuelling demand for low-latency applications such as streaming, gaming and internet-of-things services.
