Today in the event ‘Google For India’ held in New Delhi, Google announced “You Tube Go” ,a brand new app to enjoy and share videos.Built for the next generation of users to enjoy the power of YouTube. Maximize your fun without burning up your data.This app can use for videos sharing and Offline videos.It is created primarily for India.YouTube product management VP Johanna Wright says in a statement. “YouTube Go was designed and built from the ground up with insights from India, in order to bring the power of video to mobile users in a way that is more conscious of their data and connectivity, while still being locally relevant and social.”
Here is the official site link of You Tube Go http://youtubego.com/signup/
here they are saying “This app is coming soon!”, but not mentioned exact live release date.They said it will produce better result in 2G speed also.