Regarding 2. Good for the US based players but bad for India. But it is not limited to just this. Most of the big Indian startups are funded by VCs from outsid

Regarding 2. Good for the US based players but bad for India. But it is not limited to just this. Most of the big Indian startups are funded by VCs from outside India. So, even if these companies grow big there is a good chance that most of it won't be owned or controlled by Indians. For example, PayTM(wallet, mall, bank) is funded by Alibaba. Ola is funded by Softbank and this is true for almost all the big startups.