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flag India's data center market is booming due to low costs, local data rules, and rising demand, with capacity far below its usage share.

flag India is one of the world’s most cost-efficient markets for data center development, with costs at USD 7 per watt—second only to China—sparking strong interest, especially in the hyperscale colocation segment. flag The number of major players in this space rose from 5 in 2019 to 15 in 2024, driven by supportive state policies, regulatory mandates for data localization, and growing domestic data demand. flag Despite representing 20% of global data usage, India holds just 3% of global data center capacity, highlighting significant growth potential.

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