Widening its vision to make further inroads in the Indian market, Alphabet and Google CEO Sundar Pichai announced to not just continue its ongoing investments but further its investments in India's digital economy.
The company, which announced a $10 billion Google for India Digitisation Fund last year, has already invested $4.5 billion for a 7.73 per cent stake in the top telecom network Reliance Jio Platforms, along with recently investing up to $1 billion in Bharti Airtel.
“It is a reflection of our confidence in the future of India, its digital economy, our desire to build products there, which we think will help us globally,” Pichai said during the company's earnings call late on Tuesday.
On the company's payment strategy, Pichai said it is thinking deeper about emerging markets like India as it “lines up with our mission of building a more equitable Internet for everyone.” Pichai is also bullish on YouTube's future in the country.
“When I look at YouTube in India, some of the commerce ideas we talked about earlier, you may see as the first stride in India first because we can get quicker feedback, a very dynamic, youthful population,” he noted.
“So we'll do it there (in India) and then roll it out globally. We are constantly looking for opportunities like that,” Pichai added. YouTube Shorts continues to drive significant engagement for the company globally including in India.
“We just hit 5 trillion all-time views and have over 15 billion views each day globally. This is helping our creator community reach newer and bigger audiences,” Pichai added.
“In 2022, we'll stay focused on evolving our knowledge and information products, including Search, Maps and YouTube, to be even more helpful,” he added.