New Delhi, Dec 19 (PTI) India will be a big export economy and it needs to create a balance between safeguarding citizens and enabling companies to innovate with its framework, Google CEO Sundar Pichai said on Monday.

While speaking at Google for India event, Pichai said that the company is focussing on startups from India and out of its USD 300 million for the startups, around one-fourth will be invested in entities that are led by women.

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He said that the technology is working at a big scale and touching lives of people around the world, which calls for framing responsible and balanced regulation.

"Given the scale and technology leadership it (India) will have, it's important to make sure you are balancing, putting in safeguards for people. You're creating an innovative framework, so that companies can innovate on top of a certainty in the legal framework. I think it is an important moment in time. India will also be a big export economy. It will benefit from an open and connected internet and getting that balance right will be important," Pichai said.

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He said sophistication of the Indian startup ecosystem is measurably improving and Indian startups like Glance are getting noticed worldwide.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)