Tech giant Google has announced a $10 billion or INR 75,000 crore investment in India to pump digitalisation in the next five to seven years besides training more than 1 million teachers. In a bid to fuel education growth, Google has introduced a wide spectrum of free tools such as G Suite for Education, Google Classroom and YouTube bringing digital growth to the fore. The Google for India digitalisation fund will make sure that India benefits from the next wave of technological innovation and becomes one of the leading players.
Sundar Pichai, CEO, Google, has announced during the company’s first virtual session with India that the series of changes will take place through equity investments, ecosystem and infrastructure development. “This is a reflection of our confidence in the future of India and its digital economy,” commented Pichai.
The investment is expected to spark a growth in four core sectors- accessibility of information pan India in local languages, empowerment of small business enterprises, harnessing AI to achieve social goods especially in heath, education and agriculture sector and developing new products suitable to the country’s changing needs.
“Today, 26 million SMBs are now discoverable on Search and Maps, driving connections with more than 150 million users every month. What’s more, small merchants across the country are now equipped to accept digital payments. This has made it possible for more small businesses to become part of the formal economy, and it improves their access to credit,” Pichai further added.