Google makes a $10 billion bet on India

Google is going to invest up to $10 billion in India over the next five to seven years, CEO Sundar Pichai announced today. The news came as part of Google's annual Google for India event in which the search giant makes announcements specific to that market. This year's headline is the launch of the Google for India Digitization Fund, which will distribute the $10 billion in investments of the next near-decade. Pichai said that the fund will make money available for equity investment in local tech businesses, partnerships and infrastructure spending. They will be focused around four broad categories, including language-services (India has 22 officially-recognized local languages as well as English), helping Indian businesses embrace digitization, and tailoring products to suit India's specific needs.