Zerodha co-founder Nithin Kamath praised the Indian government's move to simplify the merger process for foreign start-ups merging with their Indian subsidiaries. This change eliminates the need for time-consuming approvals from the National Company Law Tribunal (NCLT), instead requiring only prior approval from the RBI. The initiative encourages "reverse flipping," where start-ups registered abroad shift their headquarters back to India. Kamath highlighted the growth of Indian markets, noting a rise in companies with market capitalizations above $1 billion and increasing investor participation.