A statement by Zerodha co-founder Nithin Kamath has gone viral on social media, where he says that young Indians should build their careers at home and not look abroad for opportunities.The 46-year-old entrepreneur says, “My golden life advice to kids is to do whatever you want, but don’t you dare leave India.”In a LinkedIn post, Kamath had said that whenever students ask him for advice, he tells them to stay in India. According to him, the reason is not only to prevent the brain drain or fulfill an obligation towards the country.“Whenever students ask me for advice, I say, stay in India. Not only because we need to avoid the brain drain or that there is an obligation to the country, but because India will most likely have the best opportunities in the future,” he wrote.Kamath pointed to India’s young population as one of the country’s greatest strengths. Referring to the observations of the economist Shruti Rajagopalan, he noted that one in five people under the age of 25 in the world is from India.“In the world, one in five people under 25 is from India. 47% of Indians, about 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 argued that construction companies in India would benefit the country in the long run. In a post, he said that wealth must be created locally if India wants inclusive growth.“I have said this before: for India to grow inclusively, wealth must be created locally. Today, most of the success of homegrown startups goes to investors outside India,” he wrote.He also highlighted the practical reasons for entrepreneurs to stay and build in India. “Staying in India and incorporating at home also saves the future hassle of paying huge taxes to flip back. In addition, the growth of local capital, the ever-improving regulations, and the growth of the IPO markets have made India a much more attractive destination than ever before.”The post went viral at a time when the United States is preparing to make significant changes to its immigration rules for international students. Now, under the “Duration of Status” (D/S) system, students can stay in the United States as long as they continue to study and follow their visa rules. There is no fixed end date for his stay. Under the new proposed rule, students would only be allowed to stay for a fixed period of time, likely up to four years in most cases.
