<ul><li>Mohandas Pai highlights the lack of domestic capital hindering Indian startups and urges for policy reforms and R&D investments to strengthen the ecosystem</li><li>Despite India being the world's third-largest startup hub, Pai warns that the country may fall behind in global innovation if challenges like inadequate capital are not addressed</li><li>Compared to China and the US, Indian startups receive a significantly lower amount of local investment, with most funding coming from overseas sources</li><li>Pai suggests regulatory changes to enable local insurance companies to invest in startups, increase government's fund-of-funds programme, and boost R&D funding in universities to drive innovation</li></ul>

Mohandas Pai flags lack of domestic capital for Indian startups, calls for policy overhaul

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