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Google announces $10 billion investment to digitise India

Context: Technology giant Google will invest $10 billion (Rs 75,000 crore) in India over the next five to seven years with a focus on digitising the economy and building India-first products and services.
Key Points

  • The event focused on contributing to accelerate India’s digital economy with this investment over the next five to seven years.
  • The investment will be done through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments.
  • This will support India’s unique needs to be met by products and services.
  • The huge investment will also help local businesses to move towards digital transformation.
  • According to its CEO, this is a reflection of Google’s confidence in the future of India and its digital economy.

Four areas important to India’s digitization are:

  • Enabling affordable access and information to every Indian in their own language
  • Building new services and products that are deeply relevant to India’s unique needs
  • Empowering businesses as they continue on digital transformation.
  • Leveraging technology in AI- Artificial Intelligence for social good in areas like education, health, and agriculture.
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