Amazon has committed to investing $35 billion in India over the next five years to increase its investment in this critical growth market to expand business areas from rapid e-commerce to cloud computing. The company said in a statement on Wednesday that its planned investment by 2030 will help create an additional 1 million jobs in India. The most populous country in the world remains a high-growth market for large US internet companies like Amazon and Alphabet, a subsidiary of Google, despite regulatory hurdles and intense local competition. Amazon is trying to keep up with competitors such as Walmart's Flipkart and Eternal Ltd.'s Blinkit, Swiggy Ltd.'s Instamart, and Zepto. Together, these companies have created a near-instant delivery service, which is very popular among Indian consumers. “We are excited to continue to be a driver of growth in India as we expand the use of artificial intelligence for millions of Indians,” said Amit Agarwal, head of emerging markets at Amazon.

Amazon has committed to investing $35 billion in India over the next five years to increase its investment in this critical growth market to expand business areas from rapid e-commerce to cloud computing. The company said in a statement on Wednesday that its planned investment by 2030 will help create an additional 1 million jobs in India. The most populous country in the world remains a high-growth market for large US internet companies like Amazon and Alphabet, a subsidiary of Google, despite regulatory hurdles and intense local competition. Amazon is trying to keep up with competitors such as Walmart's Flipkart and Eternal Ltd.'s Blinkit, Swiggy Ltd.'s Instamart, and Zepto. Together, these companies have created a near-instant delivery service, which is very popular among Indian consumers. “We are excited to continue to be a driver of growth in India as we expand the use of artificial intelligence for millions of Indians,” said Amit Agarwal, head of emerging markets at Amazon.