Amid the health crisis all over the world in general and in India in particular, Google made good news for India by announcing the Rs 75,000 crore investment in the digital economy with the aim of providing the country of 136 crore population a more ‘affordable and useful’ internet. Speaking in the annual Google for India event which was live-streamed on Monday, CEO Sundar Pichai confirmed the whopping Rs 75,000 crore investment for India from the search giant. “This is a reflection of our confidence in the future of India and its digital economy,” said the India-American CEO of Google. 

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Google announced a huge investment in India with ambitions of making India the leading country in the next tech wave

According to him, there are a lot of things to do to improve the internet and digital economy of India like completely the voice input system for all Indian languages as it can support many young entrepreneurs of the next generations. 

In fact, the Rs 75,000 crore investment of Google for India Digitization Fund will be made via different types of equity investment, infrastructure, and partnerships. The progress is expected to take 5 to 7 years. 

Google For India
India-American CEO of Google Sundar Pichai to speak in the annual Google for India event on Monday, July 14

By pouring thousands of Rs crore into the developing economy of India, Google has the vision of building an affordable and helpful internet system for 136 crore people of the country in their own languages. Apart from developing new products and services, the US-based technology company promised to focus on making technology transformation in areas like education, agriculture, and health. 

Sundar Pichai also expressed his desire to cooperate with the government and PM Narendra Modi to make India the leading country in the next wave of technology innovation. 

In response to this, the head of India government PM Modi wrote on his Twitter that he immediately discuss with Pichai on a wide range of topics especially about the challenges the country is facing during the pandemic and how technology can help us cope up with them.

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The potential of India internet market

In recent years, India has had the fastest growth of the internet in the world with more than 700M internet users. Apart from Google, India also received thousands of Rs crores investment from other tech giants like Facebook, Twitter, or Netflix which are contributing to the internet boom in the developing economy. 

Although the government is trying to take more control online, the potential for internet growth in India is visible. Investors like Google and other big companies around the world are all ready to join the playground matches.

Highlights from Google for India event: