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What keeps the Marwaris thriving? IANSBy Aparajita Gupta

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With "The Marwaris", Timberg has returned to the subject after his first book on the community appeared on stand 40 years ago, both in English and in Hindi.
What makes Marwaris so successful as a business community that a quarter of the Indian names in the Forbes billionaires list are from the community? Is it their sense of enterprise or enormous risk appetite?
Thomas A. Timberg seeks to find out an answer to this in this book about the community, which has contributed much to the Indian economy.
Marwaris are natives of Maroo des (Marwar) in Rajasthan and are chiefly of Jain faith. The important places of Rajasthan from where the business groups come are Shekhawati towns (Fatehpur, Jhunjhunu and Singhana), Bikaner, Jodhpur and Bhiwani (now in Haryana).
The steel magnates, the Mittals, are from Bikaner. Jagat Seths were from Jodhpur state, and among the large banking families are the Daddas from Phalodi, the Dagas from Bikaner and the Malpanis from Jaisalmer.
In the 19th century, this community from the deserts of Rajasthan spread out to various corners of India. And by the end of the First World War, they had controlled much of India's inland trade. At one point of time, they dominated most of the exporting trades like in cardamom, oranges and potatoes and practically all the import trade of consumption goods.
Gradually they turned to industry after the war and by 1970s they controlled much of the nation's private industrial assets. In 2011 the Marwaris accounted for a quarter of the Indians on the Forbes list of billionaires.

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