All about Google to invest $10 Billion in India in India Digitization Fund.


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Uploaded on Jul 14, 2020

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All about Google to invest $10 Billion in India in India Digitization Fund.

All about Google to invest $10 Billion in India in India Digitization Fund INTRODUCTION • Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem. • India is the world’s fifth-largest economy that is emerging as a battleground for global internet giants. Image source: bgr.in ABOUT THE INVESTMENT • Alphabet Inc-owned Google’s outlay for India — nearly double the $5.7 billion investment made by rival Facebook in the digital platform of India. • The investment has done in the largest conglomerate Reliance Industries in April — will be deployed through a mix of investments and partnerships. Image source: News18.com AREA OF INVESTMENT • First, enabling affordable access and information for every Indian in their own language, whether it’s Hindi, Tamil, Punjabi or any other • Second, building new products and services that are deeply relevant to India’s unique needs Image source: Askwiki AREA OF INVESTMENT • Third, empowering businesses as they continue to embark on their digital transformation. • Fourth, leveraging technology and AI for social good, in areas like health, education and agriculture. Image source: News18.com INDIAN DIGITAL MARKET • More than 500 million people in India are online today and over 450 million smart phones are in active use in the country. • There’s still more work to do in order to make the internet affordable and useful for a billion Indians. Image source: Neowin WORLD INTERNET MARKET • Google, like every other American tech giant, makes only a fraction of its revenue from the world’s largest internet market. • But that does not appear to be a priority for any American or Chinese tech giant in India that is currently searching for the next hundreds of millions of users. Image source: Livemint EXPERT OPINION • Experts said that such investments are fine but should be scrutinised carefully. • They also highlighted the urgency of enacting the privacy law. Image source: Worship Media FOCUS OF INDIA DIGITIZATION • Enabling affordable access and information • Building new product and services • Empowering business in digital transformation • Leveraging tech for social good in health and education Image source: Affairscloud.com Focus on companies that can build for India • The mega-investment plans are also one way to combat the issue, which has seen a pushback from other US technology companies as well. • Investing in a country directly is the best way to address the problem in the long run. Image source: Digianalysis THANK YOU