Google on Monday announced 10 billion dollar fund to help accelerate India's digital economy. Google CEO Sundar Pichai said they will invest Rs 75,000 crore in India over the next 5-7 years. “We’ll do this through a mix of equity investments, partnerships, and operational infrastructure in ecosystem investments,” Sundar Pichai said.

Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India’s digital economy. We’re proud to support PM @narendramodi’s vision for Digital India - many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us. https://t.co/H0EUFYSD1q

— Sundar Pichai (@sundarpichai) July 13, 2020

The announcement came after Prime Minister Narendra Modi interacted with Google CEO on Monday and discussed a range of subjects like a new work culture in Coronavirus times, data security, and cyber safety. The Prime Minister termed that interaction "fruitful" and lauded Google's efforts in the field of education, Digital India, and digital payments.