WASHINGTON: Google's Indian-American CEO Sundar Pichai has stated that the dimensions of India's marketplace has allowed Google to develop new products in the country and take it to the worldwide stage.
Addressing the India Ideas Summit of US India Business Council (USIBC), Pichai also stated that India and the USA can lead on standardisation of privacy frameworks for higher safeguards against privacy to ensure unfastened glide of digital industry.
Observing that Google has been in India now for "a very very long time", Pichai stated that collection of Indian producers who would make units 'Made in India'.
The Indian government, he stated, has completed an excellent job of creating technology, one of the most pillars during which, they are going to support governance and in addition to socioeconomic stipulations there. "So we've been proud to be part of it," 46-year-old Pichai stated at the summit after he received the Global Leadership Awards.
Nasdaq president and CEO Adena Friedman was also honoured with an award.
"And we deeply care about making phones cheaper every year so that more people can afford it and access it. In 2004, there were maybe two local Indian manufacturers who would make devices made in India. Now that number is up to well over 200 or so," he stated.
"Our products have played a foundational role. But increasingly it's also happening in reverse. The scale of the Indian market, allows us to now develop maybe products there and actually take it out globally as well. So it's been an interesting trend for the last three to four years or so," Pichai stated.
"Our payments product… India was moving towards digital payments, so we thought it was the best market to push the future of payments. We tried it there and it's worked very well. And now that team is taking that payments product and bringing it out of India to the global market," he stated.
"So increasingly we see India not just as an opportunity, but you know, building in India and serving the rest of the world as well. And so it's exciting time," he stated.
Seeking higher safeguards against privacy to ensure unfastened glide of digital industry, Pichai stated that India and the USA can lead on standardisation of privacy frameworks.
If standardisation was completed internationally, it might considerably make stronger digital industry, he stated.
"The free flow of information is essential to digital trade and we all can see the benefits of it. But to ensure that we can actually do it we need better safeguards around user privacy," Pichai stated in response to a question.
Noting that rightfully so, customers are increasingly more fascinated with it, he stated that it's crucial moment to create standardised frameworks both for customers to have choice, control and transparency and for corporations to be responsible as neatly with a transparent set of a transparent algorithm.
"I think it's an area where, both in US and India we have reasonably aligned notions around a free and open internet; both countries have safeguarded principles of free expression. And so there's enough shared values here, I think, we can lead in privacy frameworks," he stated.
"And to the extent you can standardise this globally will be a huge factor which drives digital trade. And so hence this is very, very critical to it," Pichai stated responding to a question from Nisha Desai Biswal, president of the USIBC.
Last month, Pichai had a written an op-ed in The New York Times, through which he said that privacy will have to now not be a luxury.
"Now, as you know, in India and in the United States, there are efforts at trying to draft new privacy legislation. Share some of your thoughts with us on how the US-India and other global systems can try to create an appropriate balance. And are there ways that we can have a consensus and a convergent way of approaching this?" Biswal requested.
Addressing the India Ideas Summit of US India Business Council (USIBC), Pichai also stated that India and the USA can lead on standardisation of privacy frameworks for higher safeguards against privacy to ensure unfastened glide of digital industry.
Observing that Google has been in India now for "a very very long time", Pichai stated that collection of Indian producers who would make units 'Made in India'.
The Indian government, he stated, has completed an excellent job of creating technology, one of the most pillars during which, they are going to support governance and in addition to socioeconomic stipulations there. "So we've been proud to be part of it," 46-year-old Pichai stated at the summit after he received the Global Leadership Awards.
Nasdaq president and CEO Adena Friedman was also honoured with an award.
"And we deeply care about making phones cheaper every year so that more people can afford it and access it. In 2004, there were maybe two local Indian manufacturers who would make devices made in India. Now that number is up to well over 200 or so," he stated.
"Our products have played a foundational role. But increasingly it's also happening in reverse. The scale of the Indian market, allows us to now develop maybe products there and actually take it out globally as well. So it's been an interesting trend for the last three to four years or so," Pichai stated.
"Our payments product… India was moving towards digital payments, so we thought it was the best market to push the future of payments. We tried it there and it's worked very well. And now that team is taking that payments product and bringing it out of India to the global market," he stated.
"So increasingly we see India not just as an opportunity, but you know, building in India and serving the rest of the world as well. And so it's exciting time," he stated.
Seeking higher safeguards against privacy to ensure unfastened glide of digital industry, Pichai stated that India and the USA can lead on standardisation of privacy frameworks.
If standardisation was completed internationally, it might considerably make stronger digital industry, he stated.
"The free flow of information is essential to digital trade and we all can see the benefits of it. But to ensure that we can actually do it we need better safeguards around user privacy," Pichai stated in response to a question.
Noting that rightfully so, customers are increasingly more fascinated with it, he stated that it's crucial moment to create standardised frameworks both for customers to have choice, control and transparency and for corporations to be responsible as neatly with a transparent set of a transparent algorithm.
"I think it's an area where, both in US and India we have reasonably aligned notions around a free and open internet; both countries have safeguarded principles of free expression. And so there's enough shared values here, I think, we can lead in privacy frameworks," he stated.
"And to the extent you can standardise this globally will be a huge factor which drives digital trade. And so hence this is very, very critical to it," Pichai stated responding to a question from Nisha Desai Biswal, president of the USIBC.
Last month, Pichai had a written an op-ed in The New York Times, through which he said that privacy will have to now not be a luxury.
"Now, as you know, in India and in the United States, there are efforts at trying to draft new privacy legislation. Share some of your thoughts with us on how the US-India and other global systems can try to create an appropriate balance. And are there ways that we can have a consensus and a convergent way of approaching this?" Biswal requested.
Scale of Indian market allowing Google to develop new products: Pichai
![Scale of Indian market allowing Google to develop new products: Pichai]()
Reviewed by Kailash
on
June 13, 2019
Rating:
