Archive · 10 Sep 2026
Jefferies names six sectors driving India’s new industrial revolution
Jefferies says India is building several advanced industries that could change its economy.
The six areas are space, semiconductors, data centres, electronics, solar manufacturing and aerospace.
India wants its space economy to become five times larger by 2030.
Private companies such as Skyroot, Pixxel and Agnikul are developing space products and services.
India is also building factories and projects to make computer chips.
More data centres will support cloud services and other digital activities.
Electronics companies are being encouraged to make more parts inside India.
Solar manufacturing is expanding, and India wants most of its solar supply chain to be local by 2030.
Indian aerospace suppliers are also selling more products and services to global companies.
Jefferies identifies space, semiconductors, data centres, electronics, solar manufacturing and aerospace as drivers of India’s next industrial expansion.
India aims to expand its space economy fivefold to $40–45 billion by 2030, with private firms including Skyroot, Pixxel and Agnikul moving toward commercial operations.
Around $20 billion has been committed to semiconductors, while a fabrication plant and multiple OSAT projects advance toward production; another $13 billion incentive plan is expected.
Data-centre capacity has grown fivefold to 2 GW and could reach 10 GW within five years, creating a projected $45 billion infrastructure investment opportunity.
India is increasing domestic electronics value addition, expanding solar manufacturing and supplying Boeing and Airbus as aerospace demand grows.
- Who
- Jefferies and Indian public- and private-sector companies across six high-growth industries.
- What
- A Jefferies report identifies six sectors that could drive India’s next industrial revolution.
- When
- The report sets targets for 2030, the next five years and the next six years.
- Where
- India, with Indian companies participating in global aerospace and technology supply chains.
- Why
- A large domestic market, private-sector participation and government policy support are expanding industrial capacity and competitiveness.
- Sectors identified
- Space, semiconductors, data centres, electronics, solar manufacturing and aerospace
- Space target
- A fivefold expansion to a $40–45 billion economy by 2030
- Semiconductor investment
- Approximately $20 billion committed; a further $13 billion incentive plan is expected
- Data-centre capacity
- 2 GW currently, potentially reaching 10 GW within five years
- Data-centre opportunity
- $45 billion in potential investment across power, cooling, construction and network infrastructure
- Solar manufacturing
- 35 GW of operational solar-cell capacity and another 100 GW under construction
- Aerospace sourcing
- Boeing and Airbus source approximately $1.4–1.6 billion annually from India
