If reports are to be believed, YouTube may be launching a regional site specific to Indian viewers. Because India is one of the most populated countries and one with a good deal of technological advancements among the consumer class, such a launch could help push the Google-owned video trove into reasonable profitability, a goal which the company’s chief executive highlighted in a television interview today on CNBC as one of his primary focuses at the moment.

According to Nikhil Pahwa at ContentSutra, multiple sources are reporting that the video site will be launching on May 7th there, but no official word has come out of Google as of yet. If the launch does happen, it is expected to be attended by multiple content partners.

It will be interesting to see how YouTube India performs, if it indeed proceeds to launch as predicted. The well-known site may not have an easy time establishing itself as the market is already rife with India-centric competitors such as Videodubba and iShare, but with the clout the brand name carries, it certainly won’t be hurting for watching eyeballs either.