Why so many Indian nationals are so successful globally
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Russia climbed to No. 3 in country rankings with 53 billionaires, two less than Germany, which has long held the runner-up spot in the billionaire stakes behind the United States.
But the total worth of the Russians surpassed the Germans, at $282 billion versus $245 billion, Forbes said. The average age of Russia’s billionaires was 46.
In Asia, India had the highest number of billionaires, overtaking Japan, which for two decades had held the region’s top spot.
India had 36 billionaires worth a total $191 billion while Japan’s 24 billionaires were worth $64 billion, the magazine said.
From what I read, Russia has a number of economical and political problems, yet Russia is the third biggest home to billionaires. From what I understand, the country was in a crisis in the mid 90s and the whole country was falling apart including its business sector. But in that environment, quite a few businessmen learned to how to maneuver around; in other words, they became super crisis experts. They essentially manage to create (financial) wealth from thin air today, and some of them are billionaires.
While India didn’t make a big headline in early 90s, India’s economical and political environment has not been as stable as developed countries’ economic and political environments; Russia made the headline because Russia or the former Soviet Union played a very significant role in the internal economy and politics while India only played a small part in early 90s.
What I’m getting at this; there are also many super crisis experts in India, not just in Russia. I don’t agree with most of the things that Thomas Friedman wrote in “The World is Flat”, but I agree one thing. Many Indian nationals are ready for the globalized economical and political environment in the 21st century.
I’ve been dealing with a certain banking problem for the last couple of months as I formed a company in India, transferred a certain fund from my US company as it’s a 100% subsidiary of the company and have been trying to get a required approval from RBI (Reserve Bank of India). To me, dealing with the problem is a big deal, but it’s not to most Indian people. That’s a big difference between me and them; to flatter many Indian people, while I am finally getting ready for the globalized economical and political environment in the 21st century, they are already ready. So, I guess that this is one of reasons why so many Indian nationals are so successful globally today.
