
- Cloud services sold outside India won't be taxed, but local resellers are still to be taxed
- Google, Microsoft and Amazon have all committed billions between now and 2030
- India wants to become a developed nation by 2047, data centers to create jobs
India is set to offer a major new tax incentive to attract AI cloud investment in the country, with the nation's government confirming there would be zero tax collected on revenues from cloud services sold outside until until 2047 – so long as workloads run from Indian data centers.