New Delhi: Zerodha co-founder and billionaire Nikhil Kamath delivered a message to people looking for entrepreneurship opportunities and asked them to come to India. Sharing a social media post, he addressed the people passed out of ‘fancy colleges’ in the USA and asked them to come ‘home’ to India to begin their start-ups.
He shared a chart by Bloomberg, which shows the recession possibilities worldwide, where the United Kingdom stands at the top with a 75 percent possibility of a recession and India stands in the last position with a zero percent possibility.
Another chart by IMF’s World Economic Outlook shows world output projection in 2023 and projects India’s growth percentage to be the highest at 5.9 percent, followed by China and Indonesia. The chart shows, India’s growth on a fiscal year basis, and for the calendar year 2023, it projects GDP growth of 5.4 percent.
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Sharing the data, Kamath addressed people who have graduated from ‘fancy colleges’ in the US and are working there, but considering moving back home to start something. He wrote that for them, all indications point to India as ‘the place’ to be this decade. He added that from a relative standpoint, an entrepreneur has opportunities in India.
While he compared India with the USA, the charts show a 65 percent chance of a recession in the Western country and project GDP growth of 1.6 percent.
Kamath’s tweet received a mixed reaction as some people pointed out that as per the economic standards and the growth projections, India is a great place to do business, while some replied by saying that there are several policies that hinder and there is a lack of certain facilities.
