Amazon: At the sixth edition of the Amazon Smbhav Summit in New Delhi, Amazon announced it will invest more than $35 billion across all its businesses by 2030 in India.
This comes on top of the approximately $40 billion Amazon has already invested in India over the past 15 years.
What does Amazon Investment Mean for Jobs in India?
Amazon will make the investments around AI-driven digitization, export growth and job creation besides business expansion. The company added the investments are likely to create more than 1 million job opportunities, and quadruple cumulative ecommerce exports enabled to $80 billion by 2030.
Amazon Joins Google and Microsoft
An Economic Impact Report by Keystone Strategy has revealed that cumulative investments in India by Amazon have made it the largest foreign investor in the country.
Amazon’s footprint now spans transportation networks, data centers, technology platforms, fulfillment centers and digital payments infrastructure.
The tech giant follows the footsteps of Google and Microsoft that recently announced investment in India. For instance, Microsoft announced an investment of $17.5 billion in India’s cloud and AI infrastructure. Google, on the other hand, is building a $15 billion data hub in India.
Donald Trump Had Said India Is A Dead Economy
In a sudden turn of events, Donald Trump who has shared good relations with India, especially with Indian PM Narendra Modi, blasted India for supporting Russia in the Russia-Ukraine war. The United States that Russian and Indian economies are dead economies while imposing a tariff of 25 percent on India.
Is India a dead economy? Fact Check Time
A few months back, US President Donald J Trump called India “a dead economy.” However, the Q2FY26 GDP growth of 8.2 percent by India only underscores Trump’s acumen. On the other hand, US is likely to finish the year with just 3 percent GDP growth, which says it all.
