India’s Data Centre Industry Sees $6.5 Billion Investment Boom: ANAROCK

India’s data centre industry has attracted over $6.5 billion in investments through private equity, joint ventures, and acquisitions between 2014 and 2024, according to the India Data Centre Market: Growth, Trends & Outlook report by ANAROCK Capital. The sector has witnessed exponential growth, with capacity surging 139% from 590 MW in 2019 to 1.4 GW in 2024, driven by rising digital adoption and increasing demand for cloud services.
Devi Shankar, Executive Director - Industrial, Logistics & Data Centres, ANAROCK Capital, says, "This surge is underpinned by rising internet penetration, which has risen from 33.4% in 2019 to 55.2% in 2024), a near-doubling in data consumption per user from 11.5 GB to 21.1 GB/month, and an explosion in average traffic per smartphone, which grew from 13 GB to 32 GB. India now leads globally in average mobile data traffic per smartphone, and just this fact alone has had a palpable impact on the demand for high-grade data centres in the country. India's booming digital engagement is a direct indicator of future DC demand."