More Indians should invest in domestic startups: Amitabh Kant

More Indians should invest in domestic startups to sustain the growth of the Indian startup sector, India’s G20 Sherpa Amitabh Kant has said, noting that most countries across the world have high regard for India’s economic growth and the Indian companies should get bigger.

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In an exclusive conversation with ANI, Kant, a former CEO of Niti Aayog, said India has done well in terms of startups.

“We would now require a lot of Indians, Indian pension funds, insurance companies, all to invest in our own startups. Seventy per cent of the resources in our startup movement come from abroad. More and more Indians must invest in our own startup movement. That is the way forward. But we’ve done remarkably well as a startup nation,” he said.

He said in terms of the startup ecosystem, India is placed third globally.