India data centre capacity boom forecasts

Multiple reports from Axis Capital Holdings, Square Yards, OmniScience Capital, Knight Frank, and Wood Mackenzie project a significant expansion of India's data centre capacity by 2030, driven by AI adoption, hyperscale cloud investments, and the country's growing digital economy. Axis Capital Holdings estimates capacity could reach 3-3.6 GW by 2030, with hyperscalers accounting for 90% of demand, while Wood Mackenzie projects a more aggressive 12 GW operational capacity. OmniScience Capital suggests India may need $350-435 billion in cumulative investment by 2030, with $160 billion already announced. Square Yards forecasts the pipeline could create 4.33 lakh jobs and 195 million sq ft of residential demand, with India — Maharashtra leading. Knight Frank ranks India — Mumbai as the 15th-largest global data centre market and India — Hyderabad as a fast-growing hub. The reports highlight supply-chain constraints, power availability, and rising capital intensity as challenges, but also point to long-term opportunities across power, cooling, and construction sectors.