According to the Indian Economic Survey 2024-2025, the Indian data centre market is expected to increase from $4.5 billion in 2023 to $11.6 billion by 2032, 10.98% by 2032.
Data centers are important for artificial intelligence (AI) as they provide the computing power, storage, and high speed networking needed to train and deploy advanced AI systems. The Indian data centre market has witnessed significant growth driven by the expansion of infrastructure and growing demand for digital services.
“India cuts construction costs with an ownership and digitalisable service ecosystem and a service ecosystem that allows relatively affordable real estate at USD 6.8 million per megawatt in 2023. “We are benefiting from the economy. In Japan, US$12.73 million and in Singapore, US$11.23 million,” the economic survey pointed out.
The Indian Economic Survey, which examines national trends and support in resource allocation decisions, was presented by Congress’s Finance Minister Nirmala Sitharaman on January 31. It was made public one day before the announcement of the Indian Union Budget. Planned expenditures, expected revenues, and expenditures for the next fiscal year.
According to economic research, the capacity of colocation data centres in India reached 977 MW in 2023. A new capacity of 258 MW was added per year, reflecting 105% growth from the previous year. The total capacity under construction for 2024-2028 is 1.03 gigawatts (GW) with an additional 1.29 gigawatts being planned, the investigation notified.
India is set to host the world’s largest data center in terms of capabilities, a development that is expected to significantly accelerate the advancement of AI in the country.
Billionaire Mukesh Ambani’s Reliance Group has built a data center in Jamnagar, Jamnagar in Gujarat, Prime Minister Narendra Modi’s family prime minister, and Jamnagar in Jamnagar, Prime Minister Narendra Modi’s home. I’m doing it. The new facility is expected to have a total capacity of 3 gigawatts. In comparison, the largest data centers today have capacity under 1 gigawatt.
The Indian electronics market is still only 4% of the global market
According to economic research, initiatives such as Make In India and Digital India, infrastructure improvements, ease of business, and various incentives have boosted domestic manufacturing and elicited foreign investment.
“However, the Indian electronics market accounts for 4% of the global market. The industry is primarily focused on assembly, with limited progress in design and component manufacturing,” the study noted.
“In the long term, India must establish itself as a strategic partner in high value sectors such as biotechnology and semiconductors. Strategic technology partnerships include space, semiconductors, quantum technology, advanced communications, and more. “We provide opportunities to strengthen cooperation in key areas of the Economic Research.
Recently, India and Singapore have worked together to strengthen their semiconductor ecosystem for advanced manufacturing. At the same time, India and the US are building strategic partnerships in their semiconductor supply chains, working together on AI and advanced computing.
These partnerships come as India aims to become a major force in semiconductor production. Prime Minister Modi has set ambitious targets to increase the electronic sector from $155 billion to $500 billion by 2030 as part of the country’s broader push to achieve manufacturing self-sufficiency. . The Ministry of Electronics and Information Technology (MEITY) reports that this rapid expansion aims to reduce reliance on imports. With the growing global demand for semiconductors, India’s semiconductor infrastructure growth is expected to promote innovation, create jobs and position the country as a key player in the global digital economy.
Economic research states that India has significantly reduced its dependence on smartphone imports, with 99% being manufactured domestically. In 2014, the country produced approximately 33 crores (3.3 billion) mobile phone units, with over 75% of the models being enabled for 5G. The main factors for growth were the large domestic market, the availability of skilled talent, and low-cost labor.
India’s moment leading in global manufacturing
Economic research states that high-income countries have lost most of their share in the global manufacturing sector over the past decade. This was obtained primarily by upstream and middle-income countries, mainly due to China’s strength. The share of the lower middle-income economy generally did not increase. However, India has been able to improve its share in pie and global presence.
“However, India, which accounts for 2.8% of the global market share of manufacturing compared to China’s 28.8%, has a great opportunity to climb the ladder,” the survey said.
“More than that, in light of the IMF’s observation that manufacturing production is increasingly changing into emerging market economies, particularly China and India. India is due to trends in global industry diversification. It is likely that you will benefit,” the survey added.
Recently, global manufacturing has seen a range of challenges, including sustained supply chain disruption, political instability, pressure to reduce emissions and move towards renewable energy, and other impacts of local conflicts. faced with. As a result, global manufacturing output rose 0.4% only in the third quarter of 2024, compared to nearly 1% growth in the previous quarter, the survey said.
“Therefore, in a rather unsupported global environment, it is perpetuated from all classes of government, the private sector, the skills ecosystem, academia, research and development (R&D) institutions, and financial stakeholders that enable India to India. Targeted and coordinated efforts are required, the economic survey added.
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