The startup culture is surely catching up in rest of the world. We are just a couple of ex-Microsofties who moved to Chennai, India from Seattle a couple of months ago as we found the former to be more suitable even for product based startups in some factors.
There is an enormous amount of interest here in entrepreneurship these days. For ex. every month we have an informal entrepreneur gathering at a cafe shop and there are hundreds of tech entrepreneurs directly and indirectly become part of these gatherings; otoh even in tech centers like Seattle it would be hard to see more than a dozen guys turning up for these events.
There are plenty of expats returning back to India after their studies and few years of work experience in the US and that is significantly changing the startup culture and attitudes here and resulting in a lot of cross pollination - where ideas of West meets with efficiency of the east.