India to become preferred data hub as demand for data centres soars: JM Financial

NEW DELHI, APR 07: India emerge as a preferred data hub for the entire region, as the demand for data centres are unequivocally rising, according to a report by JM Financial.

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The report added that both structural and cyclical trends are fuelling the growth of data centre demand. A large internet user base generating a trove of data, the government’s data localisation push and artificial intelligence (AI) are some of the structural tailwinds. As per the report, India has a disproportionately low share of DCs. It generates 20 per cent of global data but only 3 per cent of global DC capacity and several under-exploited capacities.