India: The New Crorepathis

To many Indians, Marwari is a word used to suggest that someone is miserly or grasping. But among Indian businessmen, the word must be used with caution. Though widely disliked, India's Marwaris are a tough and able people who have spread all over India from their ancestral home in the Marwar region of Rajasthan State, becoming a powerful and growing force in commerce and finance. India's shrewdest small businessmen for many years, they have now moved inexorably into big business. Marwaris control 60% of Calcutta's commerce and industry, 45% of Bombay's. They hold half the capital in the Indian...

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