Zerodha co-founder Nikhil Kamath, on Thursday, had a word of advice for his "many friends who graduated from fancy colleges in the US."
Taking to Twitter, the billionaire businessman said India is the place to be this decade.
He also tweeted a data chart from Bloomberg which showed that India has zero chance for facing a recession. According to the chart, the UK faces 75 per cent probability for a recession in 2023. The UK is closely followed by New Zealand (70 per cent), the USA (65 per cent), Germany, Italy and Canada (60 per cent each).
He also shared the IMF's World Economic Outlook chart which showed the annual percent change of real GDP. According to this data, India topped with 5.9 per cent growth, followed by China at 5.2.
"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...," he said in the tweet.
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... pic.twitter.com/BJqS8pLkq2
— Nikhil Kamath (@nikhilkamathcio) April 13, 2023
However, some users pointed out that people move out of India not just for career opportunities. "While i agree to this, but ppl are not moving out just for the career opportunities. They are moving out for the lifestyle, the surrounding, the environment. These things are hardly going to improve to the level that of the US," a user pointed out.
"Sometimes its not about the money or other financial indicators rather it’s about the work culture in India that prevents people from coming back. We need a better work culture and work-life balance to attract expats back to India," wrote another.
Another user wrote: "People move to US for many reasons like quality of life, low pollution, less job stress compared to India etc. Being in US right now i know there are good opportunities for me with good salary in India but thats not the only factor which would make me move back to India."
Quality of life matters and do consider this before deciding to move back, a user pointed out, adding, "We are almost 25 years into 21st century, but basic things like getting reliable 24x7 electricity, piped water, daily garbage collection etc remains a dream in Bangalore (and most of the cities)."
