YouTube creators Ecosystem contributes over Rs 10,000 cr to India’s GDP in 2021

YouTube creators contributes over Rs 10,000 cr to India’s GDP: In 2021, the creative ecosystem of YouTube, which is owned by Google, was expected to sustain more than 750,000 full-time equivalent employment in India and contribute more than Rs 10,000 crore to the GDP of the country, according to a statement made on Monday by YouTube. The business also disclosed that Courses, a new product that will provide viewers a greater learning experience and creators a new opportunity to monetize their work, would launch in beta in 2023.

YouTube creators contributes over Rs 10,000 cr to India’s GDP: Key Points

• According to the results of the most recent Oxford Economics study by YouTube, billions of people around the world now watch content produced by Indian YouTube creators.
• The ability to monetize their work has been made possible thanks to this, enabling many creators to turn their interests into enduring careers.
• YouTube announced that it would step up efforts to work with more healthcare organisations, including Narayana, Manipal, Medanta, and Shalby, in order to produce and promote trustworthy content covering more than 100 medical conditions in Hindi, Marathi, Tamil, Telugu, Kannada, Gujarati, Bengali, and English.

YouTube to assist partners

• According to the YouTube business, it would also assist partners in achieving scale and efficiency in the production of multilingual content.
• In order to give viewers in-depth, structured learning experiences, skilled artists in India may start giving paid or free Courses in the coming year on YouTube.
• Courses on YouTube will not only help audiences have richer educational experiences, but they will also give creators a new way to make money.

According to YouTube, other businesses will develop academic and practical courses in many Indian languages during the beta phase, including LearnoHub, Speak English With Aishwarya, and Telusko.