Indian conglomerates are gearing up for significant growth investments over the next decade, with a projected spend of $800 billion, nearly three times the expenditure of the previous ten years. A substantial portion of this investment, around 40%, is earmarked for new businesses such as green hydrogen, clean energy, aviation, semiconductors, electric vehicles, and data centers. Leading conglomerates like the Adani Group, Tata, and JSW are at the forefront of this investment drive, aiming to allocate $350 billion to new and emerging sectors. Meanwhile, other conglomerates like Birla, Mahindra, Hinduja, and ITC are focusing on strengthening their existing businesses to enhance scale and profitability. While the growth potential is immense, there are associated risks, including execution challenges and the reliance on unproven technologies like green hydrogen. The report emphasizes the importance of maintaining core business strength to preserve credit profiles amidst rising debt levels. Political stability and consistent policies are identified as essential for driving reforms and sustaining growth, with the Reserve Bank of India forecasting a robust real GDP growth rate of 7.2% for FY25. The outlook for India's growth remains positive, supported by strong fundamentals, increasing consumption, and a thriving investment sentiment.