Why does India need more local investment in entrepreneurship?

According to Nithin Kamath, 90% of venture capital in India (approximately $70 billion over the past decade) comes from foreign sources, resulting in 90% of wealth creation happening outside India. For India to become inclusively rich, wealth must remain within the country. No nation in history has ever prospered when its wealth creation occurs elsewhere. This requires more Indians backing Indian entrepreneurs, which would ensure economic benefits stay local and drive inclusive growth across the country.