Business
US’ Google will invest $10 billion in India’s education, health and agriculture
While the world is going through a pandemic and businesses are down all over the world, we have a major announcement from Google which is one of the biggest companies in the US. Google has committed an investment of $10 billion over the course of a few years in India and this investment will go into the country’s healthcare, agriculture as well as the technology. Apart from that, Google is also focusing on the education sector of India as we know that the country has a major percentage of the population below the age of 25.
According to reports, half of India’s population is under 35 right now meaning that the country is populated by youth which means the growth of the country is very promising. We have also seen that the eduction tech sector is growing very fast in India meaning that it makes sense for Google to launch its own platform regarding the same. Google CEO Sundar Pichai said that they will invest $10 billion in India through their Google for India Digitization fund. As for the timeline, Google says the investment will be made in next 5 to 7 years.
Right now, everyone knows that a pandemic is going on so it will be very hard for any company to invest such an amount but even a commitment is enough. Referring to the pandemic, Google CEO said that “There’s no question we are facing a difficult moment today, in India and around the world,”.
He added that “The dual challenges to our health and to our economies have forced us to rethink how we work and how we live. But times of challenge can lead to incredible moments of innovation. Our goal is to ensure India not only benefits from the next wave of innovation but leads it.” meaning that Google is betting big on India’s future.
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