I believe you misinterpreted his words. Being an 'Indian businessperson' itself is not done much because of the 'play it safe' attitude. Yes, Indians are that risk-averse.
I do not know if there is a bigger proportion of Chinese/Russian/Egyptian businessmen, but I do know that the amount of social stigma attached to leaving a well paying job to do a startup is significantly higher in India than in most other countries.
Growing up in Calcutta my Mariwari and Gujrati friends were always excited to talk about business. It was clear how their parents encouraged it. I was clearly taught business is a strict NO-NO. Get a stable job and settle down. When I look back, in a class of 60 odd people in my computer science undergrad class 95% "settled down". Only two dared to kick their job and go for a startup.