YouTube Creators Ecosystem Contributed Rs.6800 Cr.
The largest video sharing platform YouTube has generated a fair amount of financial value. Out of which approx. Rs.6800 crores were contributed to the Indian economy in the year 2020. This was revealed by the report released on Thursday, by the consulting firm Oxford Economics. They showed how much YouTube has supported the Indian economy, and provided more than 68 lakhs full-time jobs in the country in 2020.
The Report says “YouTube’s growing creator ecosystem generated considerable economic value, contributing Rs 6,800 crore to the Indian GDP and supporting 6,83,900 full-time equivalent jobs in India in 2020.”
Ajay Vidyasagar the Regional Director APAC said “It is heartening to see the real impact and influence YouTube’s creative economy has unlocked in India. The creator economy in the country has the potential to emerge as a soft-power impacting economic growth, job creation, and even cultural influence. As our creators and artists build the next generation of media companies that are connecting with a global audience, their impact on the economy’s overall success will only continue to accelerate.”
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YouTube’s Motivational Doings
YouTube has motivated new entrepreneurs towards their professional goals. It allows them to communicate with other aspirants by sharing their ideas and beliefs. By doing all of these they have generated a large amount of wealth for them also for over 14 years. If we talk about the latest stats, more than 40,000 YouTube channels have 100,000 subscribers. They are continuously finding great opportunities and audiences with YouTube.
Mr Vidyasagar further said, “We remain laser focussed on our goal of delivering an open, inclusive and responsible platform for hundreds of millions of Indians who turn to YouTube to develop new skills, discover their passions, hone their talents, and grow their businesses.”