India's information centre marketplace is projected to grow from USD 4.5 cardinal successful 2023 to USD 11.6 cardinal by 2032, according to the Economic Survey 2024-25, which was tabled successful Parliament connected Friday.
India's information centre marketplace is experiencing important growth, fuelled by the enlargement of infrastructure and an expanding request for integer services, the survey said.
"The information centre marketplace successful India is expected to turn from USD 4.5 cardinal successful 2023 to USD 11.6 cardinal by 2032, astatine a CAGR of 10.98 per cent," the papers said.
India benefits from little operation costs connected relationship of its well-established IT and digitally enabled services ecosystem, arsenic good arsenic comparatively affordable existent property with a median of USD 6.8 cardinal per MW successful 2023, compared to USD 9.17 cardinal successful Australia, USD 12.73 cardinal successful Japan, and USD 11.23 cardinal successful Singapore, it said.
According to the survey, India's colocation information centre capableness reached 977 MW successful 2023. An further capableness of 258 MW led to a 105 per cent year-on-year growth.
"The full capableness nether operation for 2024-2028 is 1.03 GW, with an further 1.29 GW planned," the survey said.
Further, it informed that the authorities has empanelled 23 nationalist and backstage unreality work providers to code the unreality needs of idiosyncratic departments, nether the GI Cloud initiative, known arsenic MeghRaj.
As of November 30, 2024, the National Informatics Centre supports 1,917 applications connected its cloud, it said.
The Economic Survey is an yearly study presented by the authorities anterior to the Union Budget, which assesses the authorities of the economy. It is prepared by the Economic Division wrong the Department of Economic Affairs, portion of the Ministry of Finance, nether the guidance of the Chief Economic Adviser.
The Union Budget for 2025-26 volition beryllium presented by the Finance Minister connected Saturday.