India will be a big export economy and it needs to create a balance between safeguarding citizens and enabling companies to innovate with its framework, Google CEO Sundar Pichai said today.
While speaking at Google for India event, Sundar Pichai said that the company is focussing on startups from India and out of its $300 million for the startups, around one-fourth will be invested in entities that are led by women.
He said that the technology is working at a big scale and touching lives of people around the world, which calls for framing responsible and balanced regulation.
Google CEO Sundar Pichai met PM Modi today
"Inspiring to see the rapid pace of technological change under your leadership. Look forward to continuing our strong partnership&supporting India's G20 presidency to advance an open,connected internet that works for all," tweets Pichai pic.twitter.com/HtXJmjYeek"Given the scale and technology leadership it (India) will have, it's important to make sure you are balancing, putting in safeguards for people. You're creating an innovative framework, so that companies can innovate on top of a certainty in the legal framework. I think it is an important moment in time. India will also be a big export economy. It will benefit from an open and connected internet and getting that balance right will be important," Pichai said.
He said sophistication of the Indian startup ecosystem is measurably improving and Indian startups like Glance are getting noticed worldwide.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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