Gautam Adani, an Indian billionaire and the second-richest person in the world according to Forbes, said in his keynote speech at the same conference that"India is now on the cusp of creating several thousands of entrepreneurs.""A smartphone and inexpensive data, mixed with aspirations, make the most potent mix to transform a nation. And the digitally enabled India's journey is just beginning," he said.
, the country's foreign direct investments in the first quarter of the year still lagged behind China's. China received more than $100 billion in FDI, while India's inflows were around $17 billion.He added that when capital is constrained by a slowing economy, as is the case now, entrepreneurs need to seize the opportunity to"build mission critical products.
"And actually, some of the biggest companies out there, I think Microsoft started during a recession." "We're happy, because I think as a private investor, we're investing in the next generation of leaders, the next three years, five years, 10 years. And so it's really back to a more rational market, back to backing true entrepreneurs who want to make a change," Lee said during the same panel as Saverin.
All BS and hype as usual.
Don’t hold your breath 😂
Maybe CNBC should be promoting America's startups, not dictator China and India 🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲
Go India!
Huge upsides on the long-term in India