Zerodha founder Nikhil Kamath bats for investing in India
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New Delhi, Apr 14: Zerodha co-founder and billionaire Nikhil Kamath on Thursday had a message for entrepreneurs who have graduated from elite colleges in the US and have been considering returning to India to start their own businesses.
Taking to Twitter, Kamath wrote, "To my many friends who have graduated from fancy colleges in the US, working there, considering moving back home to start something. All indications point to India being 'the place' to be this decade; from a relative standpoint, for an entrepreneur, the opportunity is here..."
Kamath also cited data from Bloomberg according to which, the US has a 65 percent chance of experiencing recession while India does not have a chance of facing it at all. Another piece of information that Nikhil Kamath shared was from IMf's World Economic Outlook, according to which, India topped the chart on world output projection for 2023. The US, meanwhile, ranked at 7. 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.