Tag: Indian rupee

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Google Launches India’s First Gigawatt-Scale AI Infrastructure Hub in Visakhapatnam

Google is establishing India’s first gigawatt-scale AI infrastructure facility in Visakhapatnam through a $15 billion investment. The project positions Andhra Pradesh as a critical node in global AI computing networks and represents the largest technology infrastructure investment India has secured to date.

Historic Investment in Indian AI Infrastructure

Google has committed $15 billion to establish India’s first gigawatt-scale artificial intelligence infrastructure in Visakhapatnam, according to reports from industry analysts. This investment represents the largest technology infrastructure commitment India has secured to date and positions Andhra Pradesh as a critical node in global AI computing networks. Sources indicate the five-year project will deliver 1,000 megawatts of processing capacity through an integrated facility combining data center operations, subsea cable infrastructure, and renewable energy systems.

by Desai Priyanka
BusinessEconomy and Trading

Indian Microfinance Sector Faces Rising Defaults Amid Economic Strain

India’s microfinance sector, which has lifted millions from poverty, faces mounting challenges as defaults rise to 6%. Economic stress, political interference, and regulatory changes create a “vicious cycle” for lenders and borrowers alike, according to industry reports.

Microfinance Crisis Threatens Poverty Alleviation Model

India’s microfinance sector, credited with lifting millions out of poverty, is facing significant strain as default rates more than double amid economic challenges. According to reports, the industry that serves approximately 60 million borrowers with $35 billion in loans now sees delinquency rates reaching 6%, compared to the traditional 95% repayment rate that characterized the sector’s successful years.

by Alvarez Jordan