Facebook’s India revenues tops $1 Bn

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Facebook’s India revenues have grown to $1 Bn owing to a digital surge and growth in platforms such as Instagram and Facebook. Facebook’s India revenues during the year 2020-21 increased to Rs 9,000 Cr ($ 1.2 Bn) as compared to Rs 6,613 Cr in the previous fiscal, according to a report in TOI.

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"Last year saw an inflexion point in consumers not just moving online, but also deeply engaging with businesses and brands online. This has led to an increase in online marketing spends which has driven the growth of digital advertising in India,” Ajit Mohan, Managing Director, Facebook India told TOI.

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