Story thread · 3 reports / 3 sources

India's story bigger than AI: Jefferies

economictimes.indiatimes.com · 4h · first reportShare

New Delhi: India continues to have its own structural growth story beyond the current global focus on artificial intelligence, with energy, electrification, renewable power, manufacturing and rising private-sector investment emerging as key drivers, according to a report by Jefferies.Jefferies said that after spending more time in India, it believes the country's strongest long-term structural growth opportunity in the private sector is linked to energy, particularly the expansion of renewable power and solar energy.Also read: Economists raise concerns as India's growth increasingly becomes credit expansion-ledThe report pointed to China's experience, where large-scale grid expansion and advances in battery storage technology have helped create economies of scale. It said solar power is already cheaper than coal in China because of battery storage technology.According to Jefferies, if a similar trend develops in India, the resulting fall in the cost of power could provide a major boost