Global technology giants should reinvest part of their profits for development of infrastructure and job creation in revenue generating countries such as India, the country’s Union Minister of Electronics and IT, Ravi Shankar Prasad, said.
Speaking at the G20 Digital Economy Ministerial meeting in Argentina, the Minister said the largest and most dynamic markets for digital services are in Asia, Latin America, and Africa, with India having one of the largest footprint of several popular social media and other digital platforms.
“It is only fair and just that some of the revenue and profit generated from these platforms be equitably reinvested in the largest markets to create more infrastructure and generate more job opportunities for the people there,” an official release quoted him as saying.
During the meeting, the G20 member nations agreed to promote policies that will contribute to bridging all forms of the digital divide, with special attention to the digital gender divide.
Full Content: The Times of India
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
House Budget Bill’s Moratorium on State AI Laws Could Undo A Range of Tech Regs, Critics Say
May 14, 2025 by
CPI
Microsoft Nears EU Antitrust Resolution Over Teams Bundling, Sources Say
May 14, 2025 by
CPI
CMA Investigates Aviva’s £3.6B Acquisition of Direct Line Group
May 14, 2025 by
CPI
Google Urges Texas Judge to Disregard Virginia Antitrust Ruling
May 14, 2025 by
CPI
Anthropic Ordered to Respond After AI Allegedly Fabricates Citation in Legal Filing
May 14, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 14, 2025 by
CPI
Healthcare & Antitrust: What to Expect in the New Trump Administration
May 14, 2025 by
Nana Wilberforce, John W O'Toole & Sarah Pugh
Patent Gaming and Disparagement: Commission Fines Teva For Improperly Protecting Its Blockbuster Medicine
May 14, 2025 by
Blaž Višnar, Boris Andrejaš, Apostolos Baltzopoulos, Rieke Kaup, Laura Nistor & Gianluca Vassallo
Strategic Alliances in the Pharma Sector: An EU Competition Law Perspective
May 14, 2025 by
Christian Ritz & Benedikt Weiss
Monopsony Power in the Hospital Labor Market
May 14, 2025 by
Kevin E. Pflum & Christian Salas