Google head Sundar Pichai is all set to bring a digital revolution worth Rs 75,000 crore in India 2020 news update from google

                

In a press release on Monday, the Google CEO recalled how he had to wait for technology to arrive from somewhere else.

he lauded how a generation of Indians now doesn’t need to wait for new innovations as they are happening in the country itself. He stated, “It’s been incredible to see the rapid pace of change unfolding over my past few visits.

From the excitement of young people using the latest apps and services, to the ways people are using smartphones to improve lives in rural villages, to the more than 2,500 Indian YouTube creators who each have over a million subscribers.” Pichai informed that Google will invest $10 billion (₹75000 crores) in India over a period of 5-7 years.

As per the press release, the investment will be a combination of partnerships, operational, infrastructure, ecosystem investments, and equity investments.

The investment will be made in key areas that include building products that cater to India’s unique needs, ensuring easy and affordable access to information in regional languages, empowering businesses in bringing about digital transformation, leveraging technology, and artificial intelligence in education, agriculture, and health. Digitisation of small businesses in India: The press release highlighted that only 1/3rd of small businesses in the country operated online but today around 26 million small and medium businesses can be discovered on the Google search engine and Google Maps.

Pichai stated that with more and more small businesses having access to digital payments, they have become a part of the ‘formal economy’. As such, access to credit has improved for such business owners.

The Google CEO emphasised how contactless, digital payment systems have helped families procure goods and services amidst the lockdown that was imposed in the wake of the Coronavirus outbreak in the country.