Google CEO Sundar Pichai praised the move of demonetization in India. He said that Modi Govt’s demonetisation move was 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.
“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,” he said.
“I am positive that over the next 5-10 years you will have more companies from India which will be competitive on the global stage,” he said.
“To do that, you have to be in a global system where you can test yourself in a global marketplace and that’s what will help you scale not just in India, but beyond India,” he added.