India has its own structural growth story beyond current global focus on AI, says Jefferies

New Delhi: India continues to have its own structural growth story beyond the current global focus on artificial intelligence, with energy, electrification, renewable power, manufacturing and rising private-sector investment emerging as key drivers, according to a report by Jefferies.

Jefferies said that after spending more time in India, it believes the country’s strongest long-term structural growth opportunity in the private sector is linked to energy, particularly the expansion of renewable power and solar energy.