Thursday, November 29, 2007

Are you jealous of Mukesh Ambani or does he inspire you ?

A lot of people talk about the inequality between the haves and the have-nots in India. When Forbes informed us that India has 36 billionares (thanks to the booming sensex) which is the highest in Asia, a lot of us felt good but then for a lot of people it was a cause of concern as they fear that this may give rise to discontent among the people who are left behind in the Indian growth story. This article in The Economic Times by Arvind Pangariya argues that one Billionare is actually much better than 1000 Millionares. His argument goes that a billionare is more likely to invest the money back in the economy, and thus create more jobs. A millionare would most probably just increase his consumption and improve his lifestyle. He gives examples of Bill Gates and Azim Premji and says that people are more likely to take inspiration from a billionare than from a lot of millionares. I feel that we see a lot of unwanted criticism at the neo-richs of India. Criticising them on the grounds of widening gap has become fashionable. Actually, these enterpreneurs are a source of inspiration for millions of Indians who want to make it big .

So how do you feel when you see Mukesh Ambani's wealth rising everyday with the sensex. Do you find it obscene or is it inspiring?

1 comment:

Unknown said...

Inspiration indeed.He has been a facilitator to thousands of job seekers.