India can attract at least USD 200 billion into data centres: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said India could attract at least USD 200 billion in investments into the data centre sector. He also said data centres, artificial intelligence, semiconductors and manufacturing would drive India’s growth towards a USD 30 trillion economy by 2047

New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday held a meeting with stakeholders from the data centre industry and discussed ways to further promote ease of doing business in the sector.

“We held a roundtable discussion with stakeholders from the data centre industry on ease of doing business to promote data centres in a big way because, undoubtedly, India is the world’s best location to set up data centres,” he told reporters after the meeting here.

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The minister said data centres, the semiconductor industry, artificial intelligence and the expanding manufacturing base are among the key elements that will power India’s growth in the years to come, take the country to greater heights and help it achieve a USD 30 trillion economy by 2047.

“Nothing less than USD 200 billion can be seen coming into the data centre industry,” he said.

Participants, including hyperscalers, international investors and Indian companies looking to invest in the sector, indicated that the country has significant potential to attract investments in the segment.

On GDP growth numbers

“We are proud of the people of India who, even in these very unnerving and difficult times, with two wars raging and global uncertainty and volatility, have given India 7.8 per cent growth in the quarter from April to June 2026,” Goyal said.

Taking a jibe at the Congress over its criticism of the data, Goyal said, “Angoor khatte hain, mujhe lagta hai.”

“I think it is the same system that has been preparing this data for years. I think it is an insult to the people of India who are working hard and achieving such fabulous results,” the Union minister said.

The Congress on Tuesday termed the latest GDP numbers released by the government as “statistical gymnastics” and said the Make in India initiative had achieved very little, while the Modi government’s signature “Fake in India” scheme continued unabated.

Goyal said this was not an attack on the government but on the wisdom, hard work and sincerity of 1.4 billion Indians.

“It is their capability and hard work that are making India’s economy grow rapidly,” he added.