Indian Economy News

India to become hub for global app innovation, says Google Play executive

  • IBEF
  • August 22, 2022

India will play a vital role in developing global apps as its startups create widely utilised products, according to Google Play.

Between 2019-21, the number of monthly active users of Indian applications and games increased by 200%, while consumer spending on Google Play increased by 80%. With Indian apps and games showing a 150% increase in time spent by users outside of India in 2021 compared to 2019 on Google Play, local developers are also reaching out to a global audience.

The Startup School India programme, which Google recently unveiled, aims to establish 10,000 startups in smaller cities. Under the Google for Startups Accelerator programme, a separate initiative was started with the sole purpose of assisting female founders in the nation.

India is on track to become a trillion-dollar digital economy by 2025–26 that will provide 60-65 million employment opportunities that can be performed using digital tools.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.