The article on “Marwari business model - I”(Business Line, April 8) has nicely covered the modern concepts which are followed worldwide under different names. The capacity of the Marwaris to work in difficult situations, adopt risk management practices and connect with the local community is praiseworthy.
India’s young entrepreneurs must take lessons from these stalwarts, who followed strong management principles to thrive in the present socio-economic milieu.
During freedom movement, even Mahatma Gandhi and Pandit Jawaharlal Nehru admired their contribution to economic development across the country.
S. P. Garg
Making markets tick
It is only when economic history of the trading clans/classes of India reaches the corridors of B-schools (or, for that matter, high-schools), will we as an economy really understand what makes Indian markets (and businesses) tick. The author has made a good start.
“BRICs must realign their economies” (Business Line, April 8) is excellent analysis. China needs to cut investment and increase domestic consumption by letting wages increase. India needs to invest and export more. Brazil needs to invest more, as over-reliance on commodity exports may not help it to sustain growth, while Russia is over-dependent on export of energy products. Brazil and India can easily increase investment in infrastructure, given their poor infrastructure facilities. This will improve their economic efficiency and support growth.
Ritesh Kumar Singh