India's data center industry is poised for explosive growth, projected to hit Rs 20,000 crore in annual revenue by FY28 with a 20-22% growth rate. Capacity is expected to double to 2.5 GW. Major conglomerates like Reliance Industries, Adani Group, and Tata (via TCS) are planning multi-billion dollar investments to build hyperscale facilities, driven by cloud adoption, AI growth, and 5G proliferation. Investors are keenly watching these developments.