His comments followed a meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the US.
The Indian government said it had invited Mr Musk to explore investment opportunities in electric mobility and the commercial space sector.
Mr Musk said he was "trying to figure out the right timing" to make that happen.
Mr Musk also called himself a "fan of Mr Modi" and said that India had "more promise than any large country in the world".
Source: www.bbc.com
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