Microsoft's investment offer that can help India surpass China

Multinational companies invest in a country for the long term, so they give first priority to the stability of that country's governance. New foreign investors will not go to a country with riots, unrest, war, unstable governments, etc. For any country to develop and progress, natural resources alone are not enough; a stable governance system is also necessary. The Modi government's strong central government has created a very investment-friendly environment in India. Along with this, there are no restrictions on freedom of expression in India. There is also a fair judiciary. Apart from this, India also has a large workforce that is skilled in various research fields. No monopoly company invests anywhere without being convinced through studies conducted by various professional groups that if they invest money, they can get it back tenfold.

The owners and managers of such companies are on the opposite side of communist ideas. However, the country where multinational corporations have invested the most in the world today is communist China. The stability of the government and the facilities and promises that China provided for the smooth running of business without the obstacles of communist ideas have attracted such companies to the communist country since the 1980s. China is one of the world's richest countries today because of the strong decisions of a stable government. India has been decades late in moving away from its blind and impractical focus on socialism and embracing the path of economic development. The benefits are now being seen.

Microsoft CEO and Indian-origin Satya Nadella has announced an investment of Rs 1.58 lakh crore ($17.5 billion) in the AI ​​sector in India. The investment promise was made through social media after a meeting with Prime Minister Narendra Modi. He said that this is for India's AI future. Microsoft's investment will be in developing digital infrastructure for India's AI needs, cloud computing studies, skill development, and developing AI-centric capabilities. This will be the largest investment Microsoft has made in Asia.

Microsoft's AI project will provide jobs to about two lakh graduates in the country every year. Such investments open up huge possibilities, especially at a time when Indian women and men are losing job opportunities in the US due to the H1B visa crisis. With Facebook and Google - and even US President Trump's company - investing in India, we can expect that the time is not far when India will evolve into one of the world's leading economies. However, it may take a long time for India, which started its journey much later, to catch up with China, which started its journey much earlier.