In a statement that went viral on social media, Zerodha co-founder Nithin Kamath said young Indians should develop their careers at home instead of looking for opportunities abroad.“My golden life advice to children is do whatever you want, but don’t dare leave India,” said the 46-year-old entrepreneur.Kamath said in a LinkedIn post that whenever students ask him for advice, he tells them to stay in India. He believes the reasons are not just to prevent brain drain or fulfill obligations to the country.“Whenever students come to me for advice, I say, stay in India. Not just because we need to avoid brain drain or obligations to the country, but because India may well have the best opportunities in the future,” he wrote.Kamath points to India’s young population as one of the country’s greatest strengths. Referring to economist Shruti Rajagopalan’s observation, he pointed out that one-fifth of the world’s population under the age of 25 is from India.“Globally, one in five people under the age of 25 is from India. 47% of Indians (approximately 650 million) are under the age of 25. This group of young Indians has some unique characteristics,” he wrote, describing them as educated digital natives with global ambitions.
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Kamath also believes that setting up companies in India will be beneficial to the country in the long run. If India wants inclusive growth, it needs to create wealth locally, he said in a post.“I have said it before: for India to achieve inclusive growth, wealth must be created locally. Today, much of the success of homegrown startups is due to investors outside India,” he wrote.He also highlighted practical reasons for entrepreneurs to stay and develop in India. “Staying in India and registering your company domestically can also save you the hassle of paying huge taxes to carry back in the future. Additionally, growing local capital pools, improving regulations and the growth of the IPO market make India a more attractive destination than ever before.”The article went viral as the United States prepares to make major changes to its international student immigration rules. Currently, under the Duration of Status (D/S) system, students can stay in the United States as long as they continue their studies and comply with visa rules. Their stay has no fixed end date. Under the proposed new rules, students would only be able to stay for a fixed period, up to four years in most cases.
