Indian conglomerates are gearing up to invest approximately USD 800 billion over the next decade, a significant increase from the past ten years. This investment surge signals a strong commitment to growth and diversification. About 40% of this massive capital commitment will be directed towards emerging sectors such as green hydrogen, clean energy, aviation, semiconductors, electric vehicles (EVs), and data centers. Leading conglomerates like Vedanta, Tata, Adani, Reliance, and JSW are at the forefront of this investment wave, targeting a collective investment of around USD 350 billion in these growth areas. The report highlights that while some conglomerates are venturing into new sectors, others will continue to focus on their established businesses to enhance profitability. Groups like Birla, Mahindra, and Hero are expected to maintain their conservative growth strategies. S&P Global Ratings projects that investments in existing businesses could range between USD 400 billion and USD 500 billion over the next decade, emphasizing the importance of strengthening core operations. As these conglomerates embark on this ambitious investment journey, managing debt levels will be crucial to sustain credit profiles. Effective execution of growth strategies is essential to prevent any negative impacts on credit metrics. The focus on both new and existing businesses is seen as a strategic move to navigate the risks associated with such significant investments and drive sustainable growth in the Indian business landscape.