• Saturday, February 24, 2024

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Modi hails Indian American investor’s post over India investment: ‘I love your optimism…’

Balaji Srinivasan also wrote in his post on X that one of India’s biggest strengths is its diaspora that can fill the gap between the westerners and the Chinese.

(L-R) Indian American entrepreneur Balaji Srinivasan (Photo by Steve Jennings/Getty Images for TechCrunch) and Indian prime minister Narendra Modi (Photo by Ian Forsyth/Getty Images)

By: Shubham Ghosh

INDIAN prime minister Narendra Modi on Sunday (26) praised Indian American entrepreneur and investor Balaji Srinivasan for expressing optimism about the investment conditions in India.

Retweeting the 43-year-old Srinivasan’s optimistic post on X lauding the investment scenario in the South Asian country, Modi said, “I love your optimism and will add – the people of India are trendsetters and trailblazers when it comes to innovation. We welcome the world to invest in our nation. India won’t disappoint.”

Read: Why India economic growth remained strong in September quarter despite global slowdown

In a long post made earlier in the day, Srinivasan wrote he likes to invest in India and Indians since there is growth potential in Bharat.

“If you see a startup growing, does that mean it doesn’t have any flaws? That it’s the best in the world? That you’re going to use it for everything right away? No, of course not. But you might start using it, and putting money into it, and talking about it to your friends. And that’s how I think about India — an ancient civilization that’s simultaneously like a startup country,” he wrote.

The investor also wrote in his post that one of India’s biggest strengths is its diaspora that can fill the gap between the westerners and the Chinese.

“Indians are willing and able to move anywhere. Westerners mostly aren’t willing to move, because they still think their societies are the only places that are “First World”. And the Chinese increasingly aren’t able to move, because they’re restricted from any countries where the Chinese state lacks hard power. That leaves Indians to fill the gap… If China is the centralized state, India is the decentralized diaspora,” he wrote.

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