Stereotypes Still Hold True in India, Dominate India's Rich List

BENGALURU: As an Indian, do you stereotype all the Marwaris in India as rich? Or do you think South Indians are good at numbers and North Indians are risk-takers? Well these are the common stereotypes born out of living in India but you may not be completely wrong. There is a data which proves these beliefs among Indians right. ET reflected upon the study conducted by Center for Study of Social Exclusion and Inclusion Policies at Tata Institute of Social Sciences.

While half of the top ten Indian billionaires in Bloomberg Billionaires are Gujaratis, one of the Chief Financial Officers of NIFTY Companies is a South Indian, both of which match with general stereotypes. Though the data doesn’t attach any special talent to any specific caste, it shoes how certain ethnic groups dominate and have been dominating in Indian business.

Avathhi Ramaiah of Centre for Study of Social Exclusion and Inclusive Policies at the Tata Institute of Social Sciences says that “Historically, the communities that have been involved in a profession have had the traditional advantage of knowing the integrity and nuance of that trade.”

Also the startups which witnessed a huge success in Indian e-commerce market are all from the Northern region of India. Flipkart by Sachin & Binny Bansals, Snapdeal by Rohit Bansal and Kunal Bahl, Myntra by Mukesh Bansal, Ashutosh Lawania and Vineet Saxena to name a few. And it is needless to mention the industrial giants like Ambanis, the Tatas and others like Dilip Singhvi and Gautam Adani.

It is true that we live in the 21^st century trying to break all the stereotypes, but the traditional belief that those who dominate the caste ladders are the ones who hold the riches, still holdstrue in some respects. Ramaiah observes that though there are budding businessmen from the lower sections of society off late, they are still less in number.

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