India's startup market is worth betting on, though it's still "a few years" behind China's, Facebook co-founder Eduardo Saverin said.
"I think India is a huge market with just tremendous potential," Saverin said, in response to a question on why India's startup ecosystem has not generated better returns.
"And I think as the market continues to mature, and as you get into a better macroeconomic environment, it is a market to bet on, combined with Southeast Asia."
According to India's Ministry of Finance report from August, the country's foreign direct investments in the first quarter of the year still lagged behind China's.
"And actually, some of the biggest companies out there, I think Microsoft started during a recession."