[sudeepj]

I do not claim to know all the details here. Note that India has lot of unique problems (e.g. low purchasing power x poverty x scale). My guess is that the fund will go to start-ups which will help solve big problems of India and not the ones likes of Airbnb or next E-Comm platform. The prime minister mentioned and urged entrepreneurs to also focus on agriculture, healthcare for masses, etc.

[falloutx]

India does not have any unique problems you mentioned. China has almost all of those. Africa has low purchasing power and poverty. Europe has language and cultural issues. Unemployment is high in almost all of the world since "Personal Computers".