New Delhi, July 2 -- India Inc appears to be placing bold bets despite a volatile geopolitical environment, with new project announcements rising 30% year-on-year to Rs.14.5 trillion in the April-June quarter from Rs.11.3 trillion a year earlier, according to Centre for Monitoring Indian Economy (CMIE) data.

Sequentially, investment proposals edged up nearly 3%. However, this impressive aggregate masks a glaring asymmetry as just two sectors-nuclear power and data centres-account for nearly three-fourths of all announcements during the quarter.

The breakdown is telling. Data centre announcements, totalling Rs.4.5 trillion, were anchored by mega-ventures like the Raigad Data Centre project (nearly Rs.2 trillion) and the Mumbai Metropolit...