Digital India Initiatives

Google for India Digitization Fund (GIDF)

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Google for India Digitization Fund (GIDF)

Mains level : Digital India

Technology giant Google will invest $10 billion (₹75,000 crores) in India as part of the ‘Google for India Digitization Fund (GIDF)’.

Practice question for mains:

Q.Discuss the role of foreign investment in the digital transformation of India.

About GIDF

  • The GIDF focuses on digitizing the economy and building India-first products and services.
  • The plan is in line with big-tech’s bullish outlook on India. Earlier this year, Amazon said it would invest an additional $1 billion in India.
  • This was followed by a marquee investment announcement of $5.7 billion by Facebook in the country’s largest telecom company Reliance Jio.
  • Last month, Microsoft’s venture fund M12 said it would open an office in India to pursue investment opportunities focusing on B2B software startups.

Focus areas

The investment will focus on four areas important to digitization including:

  • Enabling affordable access and information for every Indian in their own language,
  • Building products and services that are deeply relevant to India’s unique needs,
  • Empowering businesses in their digital transformation journey and
  • Leveraging technology and AI for social good, in areas like health, education, and agriculture.

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

JOIN THE COMMUNITY

Join us across Social Media platforms.

💥Mentorship New Batch Launch
💥Mentorship New Batch Launch