New Delhi, Sept. 25 -- India continues to have its own structural growth story beyond the current global focus on artificial intelligence, with energy, electrification, renewable power, manufacturing and rising private-sector investment emerging as key drivers, according to a report by Jefferies.

Jefferies said that after spending more time in India, it believes the country's strongest long-term structural growth opportunity in the private sector is linked to energy, particularly the expansion of renewable power and solar energy.

The report pointed to China's experience, where large-scale grid expansion and advances in battery storage technology have helped create economies of scale. It said solar power is already cheaper than coal in C...