India could be the largest economy of the World: Facebook COO Sandberg

Sheryl Sandberg, Facebook chief operating officer

Visiting COO of Facebook, Sheryl Sandberg will be having her first visit to the Facebook India main office in Hyderabad. She is learned to have said that “India has the potential to become the largest economy in the world. And if you look at economic growth, particularly recently, jobs is a very hard situation all over the world. From the US to developing markets, everyone is very concerned about jobs. And majority of the growth, as I understand it, is certainly here, certainly in the US. In most countries, I have visited, SMBs are the way to growth,” as reported by PTI.

Facebook is betting big on India, as the nation has the second largest number of users after US for the most popular social media application. “India is Facebook’s second largest market, fastest growing market, fastest growing Internet connectivity in APAC. It is of high priority for us,” Sandberg said. The Indian PM, Narendra Modi is one of the World’s most tech savvy politicians, his following is second only to US President Barack Obama. He vouches for the effectiveness of social media at every possible occasion, and quite recently too has advised all his political colleagues to embrace social media in a big way. Facebook is hoping that this nation of youth will emerge as its chief market in the future, and hence wishes to focus more on the area.

COO Sandberg’s visit is the first big profile visit by a Facebook official to India, whose chief, Mark Zuckerberg is yet to set foot here so far. Sheryl Sandberg has earlier worked as Google’s Vice President of global online sales and also as the Chief of Staff for the Treasury under US President Bill Clinton’s management. She has old ties with India, as she worked here in 1981 for World Bank on leprosy eradication programs. Sheryl is also scheduled to visit PM Narendra Modi in this trip.

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