Do you mean YCombinator should come to India? Or have such a phenomenon work in India?
Personally, I think angel funding is not very relevant in India because the startup costs are extremely low. Also, VCs are not as prevalent as in the US (that seems to be changing with proto.in etc) so the VC contacts that YCombinator provides might not apply either. But the advice and ideas of someone like Paul Graham would do wonders, but I can't think of a resident Indian in that place.
What I wrote is what I meant .. :-)
You are right Subhash unfortunately there's is no PG equivalent in India , and thats the point. Angel funding is not an issue, what PG advices is what that matters most.
Personally, I think angel funding is not very relevant in India because the startup costs are extremely low. Also, VCs are not as prevalent as in the US (that seems to be changing with proto.in etc) so the VC contacts that YCombinator provides might not apply either. But the advice and ideas of someone like Paul Graham would do wonders, but I can't think of a resident Indian in that place.