Google’s Investment can give Indian Digital economy a big boost, making it reach a $1 tn digital economy.
Google announced investing around $10 billion in the Indian economy over the coming 5-7 years through various forms like Equity investment, Partnerships, infrastructure, etc.
This investment will not only accelerate the digitalization in India but also reduce the gap between the countries’ tech investment ecosystem as it recently banned the Chinese tech firms. Union Minister Ravi Shankar Prasad even appreciated Google CEO Sundar Pichai’s decision towards Developing India.
Prasad even tweeted “The story of ‘Digital India’ is that of development, empowerment and inclusion. Delighted that Google will invest $10 billion in India. Under the leadership of PM Modi, we’re moving towards a $1 trillion digital economy and for that, it’s a big boost. Thank you Sundar Pichai,”.
On this PM Narendra Modi even tweeted “This morning, had an extremely fruitful interaction with @sundarpichai. We spoke on a wide range of subjects, particularly leveraging the power of technology to transform the lives of India’s farmers, youngsters and entrepreneurs,”.