“Where are the great Indian software products? Where are great Indian global products? Indian Entrepreneurs don’t think global. There are no global quality products from India.”
That is BS.
Take a look at Zendesk IPO and their competition they have ackowledged

Zendesk is facing global competition from 4 Indian startups : Kayako, Freshdesk, Supportbee and Tenmiles.
And Indians (VCs/startup babas) are still wondering where are the global Indian startups?
Zendesk has acknowledged, but not the local ecosystem.
Why are’t we confident about our own capabilities (and people) ?