⁍ Since the start of 2020, the biggest names in US tech have invested around $17 billion in India.
⁍ That’s part of a wave of investment into India’s tech industry that’s now well over $20 billion.
– Google made a $10 billion investment in India last week, making it the largest tech investment ever to be made in the country, reports the Wall Street Journal. It’s part of a wave of more than $20 billion in tech investments to be made in the country this year, most of it coming from the US, reports CNN. India’s digital economy, with 700 million internet users, “is simply too big a prize for Big Tech to ignore for long,” says Jay Gullish, head of tech policy at the advocacy group US-India Business Council. “People have confidence that, long term, India is going to be a good market, that long term, its regulations are going to be fair and transparent enough.”
Source: CNN