Indian conglomerates are gearing up to significantly boost their investments in growth, with plans to spend about $800 billion in the next decade. A substantial portion of this investment will be directed towards new businesses such as green hydrogen, clean energy, aviation, semiconductors, electric vehicles (EVs), and data centers. Leading names like the Adani Group, Tata, and JSW Group are at the forefront, with around $350 billion allocated to new and emerging sectors. On the other hand, conglomerates like Birla, Mahindra, Hinduja, and others are expected to concentrate on enhancing their existing businesses to drive scale and profitability. While the growth potential is immense, there are risks associated, especially regarding execution and investments in new technologies like green hydrogen. The report emphasizes the importance of maintaining core businesses to sustain credit profiles as debt levels rise. Despite these challenges, the economic outlook for India appears positive, supported by political stability, ongoing policy reforms, and optimistic GDP projections by the Reserve Bank of India. The country's growth story remains robust, driven by strong fundamentals, rising consumption, and a favorable investment sentiment.