I disagree with the OP. There are many companies in India who are doing a great job (especially in SaaS). Companies such as Zoho, Freshdesk and many such others

I disagree with the OP. There are many companies in India who are doing a great job (especially in SaaS). Companies such as Zoho, Freshdesk and many such others are homegrown. They are doing great globally as well. The only reason you don't hear about them is because sub-standard Indian startup blogs are more interested in publishing click-bait articles about Flipkart, Ola, OyoRooms, Housing.com etc. And it's not their fault entirely. Tech-savvy Indians love reading such articles and that's how these blogs make money.