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In the nineteenth century, a tiny community from the deserts of Rajasthan spread out to every corner of India. The Marwaris controlled much of the country’s inland trade by the time of the First World War. They then turned their hand to industry and, by the 1970s, owned most of India’s private industrial assets. Today, Marwari businessmen account for a quarter of the Indian names on the Forbes billionaires list.// What makes the Marwaris so successful? Is it their indomitable enterprise, or their incredible appetite for risk? In this new book, Thomas Timberg shows how the Marwaris rely on a centuries-old system for conserving and growing capital which has stood them in good stead, alongside a strong sense of business ethics which has earned them respect.// Family businesses in general and the Marwaris in particular might have a vital role to play in shaping India’s economic future.
From the early Vedic period, the Vaishyas, the oldest mercantile community of India, generated wealth for the nation through their remarkable efforts. Their Marwari offshoots were appointed by many rulers as ministers, advisors and diwans and were recognised as the first philanthropists in India. The Marwari Heritage takes the reader on a voyage of discovery of the Marwaris who migrated from Rajputana, Haryana, Malwa and its adjoining regions to other parts of India. They braved trials and tribulations in unchartered territories, supporting others of their community, never losing faith in their ability to succeed, and focused on their goal, they became the uncrowned kings, first of trade and business, and later of industry. They joined the freedom struggle with a true spirit of patriotism, philanthropy and active political involvement. Many courted imprisonment and even achieved martyrdom. Today, the roots of the Marwari community are deeply enmeshed in the social, cultural and economic fabric of India. Their innate psyche of giving back to society has seen them donate generously to education, empowerment of women and vocational training leading to employment. Shedding some traditions and retaining many, they have stepped into the modern age, achieving an enviable cultural mix. At the helm of most successful entrepreneurial enterprises, their focus on innovation and technological advancement has resulted in governments of several countries seeking their advice on economic growth. Of the many who have left an indelible mark on the history, socio-political and economic foundations of the country, this book is enriched with rich cameos of some of these ‘greats’ and the reader derives insights into numerous newly discovered and hitherto unrecorded facts. The younger generation of Marwaris continue to dream big and build on the foundations their forefathers planted. They continue to grow from strength to strength, marching towards new horizons. The plethora of welfare schemes and trusts responsible for development of the nation’s needy continue to be monitored with precision. Meticulously researched over five years and richly illustrated with over 100 rare, coloured photographs, paintings, and 600 black and white photographs, illustrations and rare documents published for the first time, readers have much to feast their eyes on. This pictorial book also serves as an inspiration to any and everyone who dares to dream and reach for the skies.
The jute commodity system as prevalent in the Indian subcontinent is a conglomeration of paradoxes. Jute was once called the golden fibre on account of its contribution to means of livelihood to millions of farmers, traders, manufacturers in the unorganized sector, mill workers in the organized sector as well scores of people employed in the service sector relating to trading, manufacturing and exports of jute and jute goods. Jute industry along with textile manufacturing provided the foundation of modern manufacturing industry in India. Simultaneously, this industry was also the fountain head of the growth of private entrepreneurship and capital in India. Most of the traditional Industrial Houses in India grew out of trading and manufacturing of jute and jute goods, coal and tea. On the other hand most of the farmers involved in cultivation of natural fibres like jute are small and marginal farmers. Without alternative avenues of gainful employment elsewhere, these millions in South Asia would be deprived of a part of their livelihood. The entire commodity chain of natural fibres is characterized by low productivity, low value addition, high volumes and low returns. The advent and discovery of mineral oil helped exploit cheap HDPE and PP polyethylene sacks, which started replacing the natural fibre based packaging materials. As a result, the jute industry got wiped out from Europe, America and the Far East. Today, it is survived in the Indian subcontinent and to a lesser extent in Brazil. The unique feature of the volume is that it focuses on the first hand experience of the policy-makers and other stakeholders in the jute commodity system, who are confronted with a dilemma of reviving a declining economic subsector. At this juncture, when there is need for a Commodity Development Strategy suitable to the ethos of a commodity like the jute fibre, the present, volumes attempts to devise such a strategy thorough analysis of the system based on authentic and up-to-date information. The Book furnishes an erudite analysis and stock-taking of the jute commodity system. This analysis points out to the fact that there is a need for a holistic, systemic approach to the problems being faced by this sector focusing on the economic exploitation of the whole jute plant; holistic research for addressing productivity and processing efficiency in the entire commodity chain of jute; and creating a network of organisations for advocacy for jute and allied fibres, which would focus on repositioning the golden fibre as sustainable and eco-friendly commodity with the help of green and sustainable development advocacy groups. The Commodity Development Strategy highlights the need for greater effort for significant degree of product diversification which would entail significant consumption of the fibre or fabric in volume terms. The volume ends with an optimistic note with ideas of inclusive development under the Millennium Development Goals and Carbon Credits Sustainable Development under the United Nations Framework Convention on Climate Change the welcome paradigm shifts in the approach to the jute sector. The effort by Sh Roul is a timely one on the eve of the observance of 2009 as International Year for Natural Fibres by the United Nations. The book is quite comprehensive with its focus on a wide range of issues pertaining to the jute agri-commodity system addressed against a historical background and from macro-economic analytical perspective. The volume offers stimulating reading for those interested in the dynamics of agricultural commodity systems like jute and allied fibres. The book is expected to help sensitise national governments, international organizations and nongovernmental organizations towards the eco-sustainability of jute as a natural fibre. The book can serve as an excellent reference book for post-graduate students in economics, jute and textiles management, development studies, regional development and agriculture and agro-marketing.
This encyclopaedia work in five volumes covers all related and relevant information about the scheduled tribes in India. The comprehensive, exclusive and exhaustive work will be an invaluable reference tool for scholars, researchers, planners, administrator, policy makers, govt. official and the others.
This comprehensive guide to the Pacific and South Asia provides detailed and enlightening information about the many ethnic groups of this increasingly important region of the world. Ideally suited for high school and undergraduate students studying subjects such as anthropology, geography, and social studies, Ethnic Groups of South Asia and the Pacific: An Encyclopedia provides clear, detailed, and up-to-date information on each major group in South Asian and Pacific Island countries, including India, Nepal, Indonesia, Pakistan, Singapore, Australia, Tonga, Samoa, and the Solomon Islands. Organized alphabetically by ethnic group, each entry provides an introduction followed by accessible descriptions of the origins, early history, cultural life, political life, and modern history of the ethnicity. Alternate names, major population centers, primary languages and religions, and other important characteristics of each group are also covered. Beyond being a valuable resource for student research, this book will be enlightening and entertaining for general readers interested in South Asia and the Pacific.
In this remarkable 1994 work of comparative economic history, Stephen Dale studies the activities and economic significance of the Indian mercantile communities which traded in Iran, Central Asia and Russia in the seventeenth and eighteenth centuries. The author uses Russian sources, hitherto largely ignored, to show that these merchants represented part of the hegemonic trade diaspora of the Indian world economy, thus challenging the conventional interpretation of world economic history that European merchants overwhelmed their Asian counterparts in the early modern era. The book not only demonstrates the vitality of Indian mercantile capitalism, but also offers a unique insight into the social characteristics of an Indian expatriate trading community in the Volga-Caspian port of Astrakhan.