Google Will Invest $10bn In Digital India Project

This Would Help Digitize India Which Is The Requirement Of Today's Modern World

Digitize India Is The Requirement Of Today's Modern World

It has been announced by Alphabet, the parent company of Google that it would invest $10 billion in digital India project in the upcoming five to seven years. Sunder Pichai gave the statement during the annual Google event held in India, which was held online this year due to the coronavirus pandemic. This $10 billion investment made by Google will be used to provide several services and build multiple products for the digital India project, which would provide numerous businesses to use technology and become digital that would be good socially.

This recent investment announcement by Google for $10 billion for the digital India project provides the reflection of Google’s confidence in the upcoming future of the digital economy if India. As the technical world is evolving with time, India has the biggest potential for Google’s growth market. Google will make the investment for India Digitization Fund as the country has more than 500 million active internet users.

Digital India Project

The $10 billion investment fund for the Digital India project will be focused on four areas in the India’s digital infrastructure. The first center point for this project would be the enabling of affordable accessibility of information for the general population of India in their national language. The next one would be to build the latest services and products that are relevant to the special and unique requirements of India.

The proposal will help empower the numerous local businesses that want to go digital in the new technical age, along with providing artificial intelligence and leverage technology for good in society. The digital India project has been thoroughly discussed with Indian Prime Minister Narendra Modi, who believes that this investment would transform millions of lives of farmers, students, and entrepreneurs.

Google’s reason for investment in India

India has a huge marketplace that used the Key products of Google, including Search, Android, and YouTube. More than 245 million people in India are able to access YouTube actively. In a few years, the usage of the internet in growing areas of India has significantly accelerated, which lead to the increased usage of the regional language of the area. On the total consumption of the internet in India, 66% of internet consumption is being done is in the form of the regional and national language of India.

Language, along with the increased usage of artificial intelligence that is used for healthcare, education, and financial services, has also directed the decision of Google to invest $10 billion in digital India project. In the upcoming year, when the funding is provided, the usage of AI technology is likely to increase three times in the educational sector.

The timing of Google’s investment in the digital India project is very interesting as this decision was finalized after the Indian government has been more than 59 Chinese applications, including ShareIT and TikTok. The void created by banning these numerous applications will be filled up by Google, especially in the categories of communication tools, browsers, and utility applications. After the Indian government shut down these apps in the region, a wave of uncertainty has spread across the market, but it provides a huge opportunity for massive corporations like Facebook and Google to attain.

This recent investment of $10 billion for the digital India project is not the first time Google has decided to invest a large amount of money in a country like India. In the year 2015, Google collaborated with Tata Trusts to launch an internet program called Saathi that helped deliver technology to numerous Indians living in rural areas of the country. This project helped more than 28 million women living in around 300,000 villages across India learn about the internet and the types of resources it provides.

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