Another important man has appreciated Modi for the decision of demonetisation. Yes! It’s Google CEO, Sundar Pichai who is presently in India and has been making a lot of headlines these days. Before addressing the students of IIT-Karagpur, Pichai told the Economics Times, that PM Modi’s demonetisation move was indeed a bold one for a country like India, and if things turn out as intended, it could propel the country to global ranks in terms of digital payments.
Pichai’s perspective on this mayhem and his view on demonetisation is a product of his experience and knowledge! It’s also an answer to all the politicians who opposed demonetisation in the recent past saying that it’s of no use!
Pichai, the CEO of the world biggest internet company, commented,
“I have spent my life developing platforms. Every time you drive a platform shift, it has a big multiplicative effect, leveraged effect. Digitising a country of the scale of India, and making it work well, truly will have a beneficial effect,”
The Google CEO also said his company will work overtime to evolve products for a more ‘digitised’ Indian economy.
He even unclouded the fears about protectionism, a topic that recently generated interest when Flipkart’s Sachin Bansal and Ola CEO Bhavish Aggarwal raised flags about the government not doing enough for Indian companies (over foreign ones).
“I have always felt the US to be an open and inclusive country. I don’t expect any of that to change,” said Pichai.. “Companies in the US deeply care about being competitive. The reason why they are the best in the world is because they invest in the best resources and they have that mindset. There is nothing I see that indicates that will change,” Pichai told the Economic Times.
He even suggested that Indian startups should consider the idea of looking at global scale and standard test their products on a global marketplace instead of just sticking to India.