India’s data centre revenue to hit Rs 20,000 crore annually by FY28: Crisil report

The revenue of India’s data centre operators is likely to reach nearly Rs 20,000 crore annually by fiscal 2028, said a report by Crisil Ratings on Tuesday.

This translates into robust annual growth of 20-22% as both enterprises and retail consumers dial up their use of digital technologies and platforms.

Crisil noted that to meet the growing demand, industry capacity is likely to double, reaching 2.3-2.5 gigawatt (GW) by March 2028.