India-US Trade Deal Boosts Data Centers, Tech Sector After Budget Incentives

• The India-US trade deal is set to significantly increase demand for Indian data centers, following earlier incentives from the Union Budget.
• US tech firms will drive demand for cloud services, data centers, and AI services in India through local resellers, according to Pareekh Jain.
• This trade agreement, coupled with the Union Budget's tax holiday until 2047, provides a dual boost for the data center sector.
• The deal reassures US MNCs about offshoring work to India, removing fears of India developing an exclusive technology stack.
• India's commitment to buying $500 billion worth of US goods, including technology, further solidifies the partnership and benefits the IT services industry.

Why It Matters: The India-US trade deal and Union Budget incentives are driving significant growth for Indian data centers and the tech sector.