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.