Google to invest Rs 75,000 cr to boost digital economy in India
The investments will focus on four key areas of India's digitisation
Google has announced that it plans to invest over Rs 75,000 crore (USD 10 billion) in India over a period of five to seven years.
The investment will be made through equity investments and tie-ups, marking its biggest commitment to a growth market.
The investments will focus on four key areas of India's digitisation. This includes enabling affordable access and information to every Indian in their own language; building new products and services relevant to India's unique needs; empowering businesses as they continue to embark in digital transformation; leveraging technology and Artificial Intelligence for social good in areas like healthcare, education and agriculture.
As of today, 26 million SMBs are now discoverable on Search and Maps, driving connections with more than 150 million users every month. Presently, small merchants across the country are now equipped to accept digital payments.