Key Points
At TechSparks 2024 in Bengaluru, Zerodha co-founder Nithin Kamath addressed a question that touches a raw nerve: Why do Indians often resent the rich?..
His response came during a discussion with YourStory founder Shradha Sharma, who contrasted how wealth is celebrated in the U.S. with the judgment it often receives in India...
Kamath argued that, unlike the U.S., India's deeply ingrained socialist mindset still views success through a lens of suspicion..
One user commented, Indians wear poverty as a badge of honor, while another argued that Indias suspicion of wealth is rooted not in socialism but in Dharmic values, where flaunting wealth was never considered virtuous...
Adding his voice to the debate, Nikhil Kamath, Nithin's brother and Zerodha co-founder, noted that in Bengaluru, the wealthy prefer to stay under the radar..
