Google to invest Rs 75,000 crore in India to boost digital economy

Google on Monday said it will invest Rs 75,000 crore in India over the next 5-7 years to boost the adoption of digital technologies, as tech firms race to grab a slice of one the world’s largest and fastest-growing internet markets.

Google and Alphabet CEO Sundar Pichai said this would be done through ‘Google for India Digitisation Fund’.

The search engine giant’s announcement comes against the backdrop of Reliance Jio’s unceasing stake sale, with the Mukesh Ambani-owned firm raising a stupendous Rs 1.18 lakh crore worth investments from global investors that included Facebook, General Atlantic and Qualcomm.