How do the Gujaratis, Marwadis and Chettiyars have such amazing business sense?
Answered by: Balaji Viswanathan ( ),CEO of Invento Robotics.
People of the deserts are usually good in money lending and trading. Chettiars come from a dry, less fertile south-east Tamil Nadu. Marwar is a part of the Thar desert. Gujarat is one of the driest states in India. And same with the Sindh region. Internationally, the people from dry areas like the Jews, Pathans, Arabs are all known for their trading skills.
People of fertile plains with less uncertainties don’t have a habit of storing a lot. They have enough jobs producing things — food, art etc. Think of the American middle class or Indian IT class now — they take their earnings for granted and spend more than they should.
People from dry, dangerous lands don’t have that luxury. They will never know when the next rain would come. Thus, they tend to meticulously save and are very prudent in spending. In the absence of opportunity to produce a lot, they tend to focus their talents on trading goods. Their ability to save results in surplus resources that often need to be invested. A lot of it is used in moneylending to outside communities. But, their trading businesses also need these surplus capital. A symbiotic relationship forms.
While a people from a prosperous territory might never be motivated to move out, in the desert you have to move to survive. Thus, in these trading communities it is considered a shame to not move out of home to seek wealth outside. They fan around the world building relationships.
And to handle money, trade and life outside home, they develop strong kinship ties and layers of trust. These infrastructure become very critical for building large networks.
This is primarily about trading type businesses. Regarding entrepreneurship, this advantage is no longer as significant. Thus, in businesses outside of banking and trading you see a fair level of diversity. Here you can see the skills of people like Narayana Murthy, Shiv Nadar, Byju Raveendran, Vijay Shekhar Sharma produce great companies too.
这主要是关于交易型企业。在创业方面，这一优势不再那么显著。因此，在银行和贸易以外的业务中，你可以看到相当程度的多样性。在这里你可以看到像Narayana Murthy，Shiv Nadar，Byju Raveendran，Vijay Shekhar Sharma这样的人的技能也造就了伟大的公司。