i asked the same question to google's chris sacca -- i was wondering what could be done to have a Y combinator sort of a thing in India. he shared a similar opinion to what ur saying, in india the entrepreneurial culture is a little missing + in addition he thought indians were very good at backend stuff and not necessary in aesthetics. it might be debatable you don't need the whole of indian IT engineers god in aesthetics to support y combinator - i was in silicon valley , and currently in UK. but u do see a difference in culture but yet i can tell u there are lot of people who do cool stuff here, in america people the impression i get the english is the only language people worry about here u are dealing with french, germans, italians, spanish and they are very different, no wonder u find clones of US starts ups in europe adapted for european markets.

"Entrepreneurial culture" missing in India? I beg to differ. Indians have an entrepreneurial culture that has been cultivated for years due to their unique set of circumstances. Must Indians are self-employed and have a very self reliant attitude. I think what you meant was "Tech-startup culture".

Thats true to certain extent Jey, but not entirely. Lots of Indians are coming out with exciting ideas everyday, but we don't have a person like PG here who could give right advice at the right time and this causes more startups to tank :-).

Thanks for the comment.