85% of Indian billionaires are Gujaratis. A very small state with less than 5% of India’s population
If we think on similar lines, why Jewish are successful entrepreneurs?
I see a combination of two factors - Painful History + Societal support.
Painful history = A particular region after multiple natural, man made calamities learnt the survival instinct. Gujarat, suffered immensely from earthquakes, plagues and partition.
Societal support = Entrepreneurship is a positive word in GJ, unlike in some regions of the country where businessmen is projected in negative light always. Pick any 70-80s Bollywood movie, you’ll notice Sethji/Lalaji in bad light. Poverty porn was real in India. Some rulers (pre independence) promoted trades and it became a mainstream thing.
Marwaris, Parsis, Chettiars, Sindhis, Reddys, Punjabis crying in corner 😭
Some marwaris paying to keep out of the list lol
Most ghaplebaaz are also Gujrati literally take out list of biggest financial period for any period any type of fraud you’ll find Gujjus more prominent.
Plus they excel at lobbying and government based businesses any IT company founded by Gujjus? All are ports infra energy diamond (forex/hawala) and other shady aligned businesses.
So yes they’re very good at making money through shady means and that is because money is more important than other things.
This may read like a racist tirade but is just my view point basis dealing with Gujjus everyone here is circlekerking so thought would share a differing perspective
As a Gujarati, I think I understand the reason. After completing B.Tech from a reputed college I was asked by my cousins to join their business. The business was completely unrelated to my engineering course so I politely declined. I wanted to explore more in the domain I had studied in. Fast forward a few years and I had completed my MBA after gathering some work ex. I was given back the same offer and again having a well paying job, I declined.
But I was a rare case. Apart from CS engineers, very few gujjus from financially stable families like doing a job. Most of my classmates from 10th, 12th & cllg are now either in family business or have started something new of their own. A friend of mine completed MBA from a tier 1 cllg and didn't join a FMCG sales role to start his own tyre rubber recycling company. Ofcourse not everyone is doing as well, but their families still support them, no matter what they make. Matter of fact, in my society it doesn't matter if my CTC is 20, 30 or 50 lpa. Ghar no dhandho toh nathi ne? (Doesn't have his own business?) is the main question they ask 😂
Last line is the entrepreneural spirit that's lacking everywhere
From the past few months I'm seeing news of all the big projects of National interest being parked in Gujrat. Be it GIFT City, DREAM City, Chip Manufacturing facility by Tata, 2036 Olymics stadium, 2 new smart cities, center for AI excel...
Maybe your lenses are coloured. I will list 3 different projects from corners of India - 1. Jewar Intl airport ...
Reference - Nithin Kamath's post
Gujarat accounts for about 9% of the total investor customer base, but they account for 40% of IPO participation in both retail and HNI categories.
This data is from SEBI's study on IPOs. Link - h...
I really want to understand this. Anyone who can shed some light
