Investment announcements in India added up to ₹26.75 trillion between April 1 and August 5 of 2026-27, with the information technology-enabled services (ITeS) sector accounting for 56 per cent of the proposed investments amid global uncertainties, according to a report by Bank of Baroda’s economics research department.

Almost 99 per cent of the ₹14.98 trillion in investment announcements in the ITeS sector are in data centres and artificial intelligence (AI), involving 13 companies, the report said.

The investment announcements remain narrowly concentrated, however, and have yet to spread to consumer-oriented industries. Announcements in consumer goods, including automobiles, amounted to less than ₹2,000 crore, it said.

The other electronics segment saw investment announcements of around ₹51,000 crore, with almost two-thirds of the proposed investments going into solar cells and batteries. “A part of this can also be linked to the production-linked incentive scheme, which provides incentives,” the report said.

Renewable energy accounted for around ₹25,000 crore of proposed investments, mainly in solar power-related activities. Aluminum and steel, meanwhile, are seeing higher investment on the back of demand from infrastructure activity, the report said.

Conventional electricity was the second-largest category, accounting for ₹6.86 trillion of proposed investments by seven companies. Four of these companies, with a combined envisaged outlay of ₹6.5 trillion, are in the nuclear power sector, it said.

The domestic private sector accounted for 86 per cent of the total investment announcements, followed by foreign private companies at 7.9 per cent. Central government entities and commercial enterprises accounted for 5.6 percent, while state government entities and commercial enterprises accounted for 0.4 percent.

The report expects India’s gross domestic product growth to be 6.6-6.8 percent this year, lower than last year but still among the highest globally. Investment growth is expected at 8.5-9.5 per cent, marginally below the 9.9 per cent recorded last year. The report credited the moderation mainly to uncertainty arising from the war in West Asia.