Opinion | The $67-Billion Vote Of Confidence: Why World’s Big Tech Is Betting Its Future On India |
“Put your money where your mouth is." It is an adage. It simply means this: show by actions and not just words that you support or believe in something. For long, the world’s top CEOs have expressed confidence in India’s growth prospects. But they never quite bet on India by putting down money. But that’s changing. And fast. Unlike anytime in its history, India is now being scoped out by Amazon, Microsoft, and Google, who have in the past few weeks collectively committed over $67 billion. In effect, they’ve made India their biggest digital investment destination outside the United States. What explains this shift?
Here are some reasons. Perhaps this record and unprecedented investment push is because India is adding more new internet users than any other country. Second, a vast, young,........