Players like Netflix and Amazon Prime Video -- which operate on a subscription model -- have been investing millions of dollars on creating original content, including from India.
Netflix, for example, recently showcased Sacred Games and Ghoul that were made in India. It is also lining up more originals from India, including content based on 'Bard of Blood' and Salman Rushdie's book Midnight's Children.
Amazon Prime Video, on its part, has released original series like Inside Edge and Breathe as well as shows like Remix and Comicstaan.
Other streaming services like Hotstar, HOOQ, Voot, Eros Now, Yupp TV, Hungama and ALT Balaji are also looking at wooing audiences in the country. While many players are focussing on expanding their library with movies from Bollywood and other parts of the country, there is also a huge focus on original content.
While YouTube has thrived on original content created by users, under 'Originals' it will feature content from some of its most successful creators/ partners.
"YouTube funds and commissions these shows based on insights from user data, but the IP remains with the creator," Raghavan explained.
Globally, YouTube Originals has released over 60 projects to date, and plans to release more than 50 new shows in 2019.
The move, according to the Google-owned company, will also help boost its business from online video ad-spends.
"With our growing reach and highly engaged audience, brands have an incredible opportunity to engage with the audience. Our goal is to further boost the ecosystem and supercharge the growth," Raghavan said.
YouTube said it had run two sponsored shows as pilots, working closely with advertisers to test the market and it claims to have received a phenomenal response.