Should theoretical research of data structures and algorithms have been capped at 1GB in 1980 because that was the biggest single hard drive available back then and you couldn’t store for example a 2GB dataset on a disk?
Sorry, they've crawled trillions of pages, and narrowed it down to an index of 100s of billions. Conveniently, the link answers your question of "can you have PB sized indices?" to which we can clearly say, yes.