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Ambanis, Mahindras employees way more indians than these companies. We should get rid of the atitude of hating rich indians and worshipping American billionaires.
CEOs are not really billionaires. It is board chairmans, who have big shareholding of a company are billionaires
I think the misunderstanding arises because the company founders initially do have the C-level titles. So you see these billionaire CEOs. But eventually as the company becomes a well oiled machine, they can take it easy and have an "employee CEO" take over. Sure they are getting paid millions in cash and shares but they are still employees and probably don't have billions in net worth.
Yeah, it's more the company's worth not the ceo or founder for that matter as it's the shareholders' money
Generally founder CEOs do have shares. But not the appointed CEOs
He is absolutely correct. Parag the CEO of twitter hardly has any connection to india and Twitter has been consistently anti-india. Most of the long term NRI's are hardly attached to India and consider themselves Americans. Celebrating the success of these guys is useless.
>He is absolutely correct. Parag the CEO of twitter hardly has any connection to india and Twitter has been consistently anti-india. Most of the long term NRI's are hardly attached to India and consider themselves Americans. Celebrating the success of these guys is useless.
most of these people are actually hood ornaments.
Not true. CEOs aren't hood ornaments... Try to be one one and then answer please.
>Not true. CEOs aren't hood ornaments... Try to be one one and then answer please.
not all...some. im pretty sure ballmer was a hood ornament.
Haha, nice one.
Why they should have attachment to their birth country when India doesn’t do dual citizenship?
They need not have any attachment. We Indians need not jump up and down and wave our flags and feel pride as they become CEO's and serve these corporations
Modi or Shah have not created profile in Koo yet
Some food for thought --- why can't Indians build and grow businesses in India more easily. Why do they have to leave India to do great things?
At some point you have to start questioning, why after 75 years of independence we are not even in the top 50 countries to do business (out of 190+). All these people left India because the systems stifled them, the country has no right to claim they are one of us.
India as a country does have a right to claim NRIs as one of them. a lot of people who got success after leaving India would have most likely spent the formative years of their lives in India. Both the formal and informal education they had before leaving would have a much greater influence on their attitudes and overall outlook towards work and family. If not what would explain the overwhelming success of Indian diaspora in comparison to other communities.
Not really, they got success after leaving the place and because of that.
As for why the Indian diaspora is much more successful than the other communities: I think it's because things are so stifling here that especially the people with high potential have to leave. Countries like the US get the best lot of Indians.
Success of NRIs cannot be attributed to individual exceptionalism alone. There is a common theme running through a lot of their success stories which is of the values and education they bring from India. A majority of Indian American CEOs had engineering degrees from India which helped them get a leg up after they moved to USA. It cannot be said that just because they are in USA that they are now successful.
Indian Americans are statistically more educated and wealthier than any other US demographic group. they are now getting noticed much more in the mainstream and there have been several articles and even research papers covering it. Here’s an example from a research paper, do read
“We find that the Asian-American educational advantage over whites is attributable mainly to Asian students exerting greater academic effort and not to advantages in tested cognitive abilities or socio-demographics. We test explanations for the Asian– white gap in academic effort and find that the gap can be further attributed to (i) cultural differences in beliefs regarding the connection between effort and achievement and (ii) immigration status.”
>If not what would explain the overwhelming success of Indian diaspora in comparison to other communities
It's not just Indians , most of the Asians are hardworking people . Westerners are busy fighting on twitter and reddit whereas Asians are busy working hard just to get food on their plate . For Asians , Competing with Westerners is like a pro player with thousands of hours in the game fighting against a noob who just started playing , You already know who's going to win .
Education in India is no where comparable to what is taught abroad..even at an undergraduate level. I've graduated from a foreign university..about 12 years back..all our work was research based and needed thorough understanding of what was what. We were allowed only 4 subjects per semester coz the university thought more workload would burn most students out and opting for more subjects needed special permission from the Dean or someone at that level after you explained how you were gonna cope with all the workload. We also had part time jobs to pay for our expense so had to consider that too. The only "positive", I had from my 12 years of Indian education was that I was proficient in English..thanks to my convent education for the major part of my school life. Now I'm back in India, college kids I see are entitled, soft skinned, unwilling to work or learn and dependent on contacts and jugaad to pass and then get jobs. My wife is a placement coordinator for her department in the biggest private university in our state. I see her frustrated at the level of incompetence these kids have. Don't want to travel for trainings coz that place is far off..I won't go where my friends won't go..want to leave trainings midway coz homesick and coz people who are paying them during training expect them to put in some work. The parents on top of it are worse. Wouldn't care if the kid has attended college the entire year..but then ask why isn't my kid getting placed even after your university said 100% placements, coz they don't know their kid rejected a fortune 500 company coz he wanted to work closer to his girlfriend's company on the other side of the country. We dont have the environment which will produce great minds..not at home or at college or school. Colleges want their fee, payoff companies to hire their passouts, parents dont care if their kid is putting needles in his arm as long as he gets placed..student never paid attention to anything after getting introduced to joints in the second sem.
I am studying masters in foreign university in 2021, and have done masters before in India. This is a top 10 university in the world. I see the same problems you mentioned in undergraduate level even in my foreign university. Today is different from 12 years back, and masters is different from bachelor's.
And school is different from a college...?? We were talking about why India cannot produce great minds. You can find slackers everywhere. But here they are protected by parents and the culture in the universities does not provoke thought either. Ever see kids work part time in India? Very miniscule. I got my first job when I was 17 in India and my parents refused to tell anyone coz they thought people would think something is wrong in the family and we needed money. The culture abroad is different. Makes kids independent at a young age, teaches them responsibility and helps in personal growth. Here even some PHD fellows wait till they get their doctorate before applying for jobs. How will be ever be in the same class as those we look at from here?
But Indians in India ARE starting and running things. It doesn't have to be same construct... There are plenty of successful businesses and businessmen in India...have been for millenia.
I would say that's changing now. Till last year we had 38 unicorns. In 2021 alone India got 39 unicorns.
Unicorns are waste mostly. They are not sustainable. They are giving jobs though.
Unicorns, their valuations and scope are all American concepts that again would crumble the moment that country decides it’s done sinking money into loss funding startups all the way to failing IPOs
Because its difficult to do so. The concentration of talent and money in countries like the US (particularly California) far outmatches anything we have. My dream is to start a high tech business in india. Everytime I start considering the operational factors I realize that talent while in plenty, is dispersed, and you - a startup with difficult to acquire seed funding - have to compete with US, German etc startups where your employees want to really work. Feeling patriotic becomes harder in the face of easy wealth generation and so many options to do so in my experience. But I will keep looking for a way.
I wouldn't say it is completely that either. You are talking startups --- you have to start the bottom up like how Singapore did (which is top 10 in ease of business). They got the industrial prowess first, then developed the knowledge ecosystem.
India didn't even prevent the brain drain from IITs right after spending a heck of money on them and watching them get hired overseas on H1B --- atleast have them pay back the investment to the state as a bond. Even at the manufacturing end, we saw all the problems Kitex, Winstrom, the Nano factory, etc faced. These are all stifling environments to work in.
There are only a limited kind of startups you can do in India. For your product to sell your customers should have money to spend. I rather do a startup in America where people have money to spend than India.
>why can't Indians build and grow businesses in India more easily. Why do they have to leave India to do great things?
Beacuse of excessive red Tapism which was in place since independence till recently, and now see the number of tech companies that have come up like ola, swiggy, Zomato, zerodha, cred
This decade is being estimated to be even more exciting for unicorns.
Hatred for those who are rich is a relic of our socialist roots, will fade away slowly slowly
I think having obscene levels of wealth been hated on by people who work 14 hours a day and still not have enough to send their children to school should definitely be valid
Indian have a colonized mindset
I dont fully agree. Maybe 10% this but in addition our society is at the stage where "success" is defined as a very set path, the final checkpoint of which is settling abroad. I have seen really smart indians who are clearly not mentally strong enough to live in isolation from their families/culture, but this unspoken idea of being marked a "loser" for going back home after lived abroad prevents them. Having open discussions about "what is success?" Might be a good first step imo
these guys are only celebrated because we have sooo many e-coolie NIT types who get hard ons thinking if this engineer can woke his way up, then even I can leave India and do the same.
Tell me how many Indian software /consumer tech companies offer the opportunity for a dev to become the CEO, that too of a large scale public listed company. I can't think of any.
This is the socialist/communist hangover from the cold war days. It will take a few decades of BJP rule to overcome this mentality.
It’s our view of our own society. US is looked upon as a meritocratic society. Here we know one cannot simply go ahead with plain hard work.
>we know one cannot simply go ahead with plain hard work.
Isn't it sad this isn't talked about at a national scale though? This should be front and center of every newspaper, tv show, podcast and so on, it affects us all so adversely and yet we fall for the nonsense media wants us to dwell on i.e. religious conflict, politics, cricket (not that there's no place for that, but we need to dial these things down and turn up the heat on holding people accountable).
Yeah.. "A nation cannot retain its talent by patriotism alone". Read somewhere recently..
Aside from the red meat this post has given all of us, the root of the "problem" is quite overdetermined i.e. every single one in the system is responsible for the state of affairs starting from the lowest unorganized sector worker to the rich CEOs of megacorps to corrupt incompetent bureaucrats to spineless policy makers pouring gasoline by making socialistic moves (freebies, bailouts for govt owned sick PSUs/banks/etc). Scapegoating by singling out is a futile exercise.
Kabhi kabhi lagta hai sahi hua IIT me admission nhi Mila.
remember under Pradhan Mantri Garib Kalyan Package 80crore or 800M people, i.e 2/3rds of our population got its benefit
most are daily wage labourers who will say "agar agle waqt ka khana mile toh soche baaki cheez ke baare mein"
if you subtract the number from 130crore that is the india (500M) that actually has the potential to create and of course pay taxes...
Garibi is the backbone of politics of our country and sorry to say i have seen some people who despite being given homes rent it out move out to the jhopris
then when interviewed lie about not getting anything and how the govt. (any party) is corrupt
another example remember the train which got wrecked as people spit gutka, took out monitors and showerheads..
another how about 15 Millionaires found to be tea stall owners and pan walas who don't pay taxes
some operate stores on encroached land and use free electricity
some of my friends from Bihar says this that in the events of floods even after getting ration supplies some of them openly lie on news cameras that the govt. didn't do shit
I'm not saying the ones who create jobs are white as milk but the poor aren't exactly honest but worse
some genuinely need help most just lie and vote on the basis of how much freebies the parties can promise in their manifesto (short term gains fuck the rest)
when you analyse the problems in our country with this perspective you can start to get why we are still behind
although some things like an uniform work hours and days bill is needed
but this is one of this issues that needs to be fixed if we want to go higher
IMO, the pseudo-socialist/license raj system in the Country started by Nehru and continued by Indira and Rajiv Gandhi are to be blamed for such warped mindset. Unfortunately, the way the system was set up, mostly the corrupt or folks with connections made it to the top. Someone with merit or enterprise coming thru still had to grease the system or pay crazy amount of taxes making it impossible to survive. The common and poor public saw and understood it all and this systemic apathy to the businessmen seems to have been handed over to the newer generation. Like people who used to say back then, it will take at least 100 years to see meaningful change in public’s mindset. Well hopefully in this case maybe 50 years i.e around 2041 onwards…
This is so true. I mean I have never seen any entrepreneur be celebrated in India rather called a ‘chor’. This sometimes is the reason why Indians usally are employee materials. It is high time we celebrate young entrepreneurs!
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It's correct. As a business owner people just automatically assume that I'm fleecing them even after providing a GST invoice for everything. Automatically assume that my margins are huge and that it's their right to pay less for service provided..and then get mad when I refuse to give them a non GST bill which would save them a few hundred rupees.
Idk about this one. We do know that Indian businessmen are chor because they’re corrupt. The others are just job holders abroad. They don’t really own the companies.
>We do know that Indian businessmen are chor because they’re corrupt
are you implying that non-Indian businessmen are not corrupt?
Anyone who earns more money than me is a chor. /s
>We do know that Indian businessmen are chor because they are corrupt.
There's big difference between being a "chor" and corrupt.
It's not necessary that a person who is corrupt is a "chor".
Do you know of any instance when any Indian businessman did some chori??
Ever read about Elon Musk and Jeff Bezos , how they pay literally zero dollars in taxes by exploiting the US tax system??
Oh look, a corporate slave
Our people should stop shifting to foreign countries and instead focus on developing our own country. If you really want to live in a developed country, why don't you develop the one you are living in? Instesd of moving out and helping foreign countries? I am not against America or any foreign country but this is perhaps the only way we can develop
> If you really want to live in a developed country, why don't you develop the one you are living in?
Well, this argument points to an inherent forced selfless-work obligation (I call it selfless due to the sheer scale of hardship one has to endure to achieve an equitable lifestyle in comparison to developed nations) for being born in a patch of land by the dint of luck (unless of course your other argument is that birthplace was preordained due to past karma, etc, in which case I don't have a point). I'm all for staying back and improving whatever country it is, developed or not, but one should be free to choose a place/country with a compatible ideology in alignment with personal preferences. It is an unfair imposition otherwise.
Most of the businessmen ik, havent payed a single rupee in tax till date, tax chor nahin to aur kya?
The guy is damn correct, I don't know why we celebrate Indian origin people becoming CEO of top firms in world and curse and abuse Indian businessman who are not only employing more people than these tech giants ever will in India, but they also employ, professions other than IT.
Not to say, without the Indian industrialists the economy would go down the drain real quick.
This reflects our double standards very clearly but then again we should stay away from GENERALIZATIONS. Some of the business tycoons have indulged in criminal acts like from Satyam Computers, Sahara, Nirav Modi, Kingfishers' very own teddy bear etc. These people have evaded taxes and did all kinds of shit but then there are also people like Ratan Tata, Mukesh Ambani or Narayan Murhtys who really carry the industry forward.
A part of the blame also goes to the leaders of the country who failed to make India an attractive hub for industries and manufacturing, and then to the people who sell their votes for Rs.500 and then to the farmers who only want to grow cash crops on subsidy and refuse to take one for the country, then to the middle class which takes everything lying low like a coward ass. What I am trying to say is WE'RE ALL IN THIS TOGETHER!
There's also this very dangerous trend of worshipping American Billionaires like Elon Musk, I am baffled how easily people get manipulated and buy into his fasade on social media whereas in reality there's nothing, it's all hype! he's a shady as hell clout chasing narcissist with a huge social media influence which has proven to be disastrous time and time again.
Exactly! Because of the jealousy... People are too much identified with their own hatred that they do not see things as they are.
Indian companies are performing really well.
If they do some good very less people pay attention. Just one bad news about them ( either real or fake) and boom, the whole crowd comes to point a finger.
Indian born CEO’s don’t consider themselves Indian. They’re American and would like to be called as such. Indians are dumb to think they’re Indian and they basically don’t contribute to India anyways.
It is one of our traits to praise people who left our country and became successful in foreign.
Well all the big companies should still pay their taxes properly. And pay their employees well. The fact that in IT industry, the entry level salary hasn't increased for last 10 years and is a bare minimum 3.5 lakhs, ( which isn't enough to allow people to be able to rent a house for themselves and meet their basic needs. ). This is how they pay their skilled labor, imagine how they pay their unskilled labor.
In many big industries, the unskilled people are paid the same as entry level workers in IT companies. I am a builder in Chennai and have seen in many businesses in the city that junior accountants and receptionists with college degrees are paid less than drivers who has a 10th Std certificate. All jobs have a case of demand and supply. Now drivers are able to command a higher salary as companies like swiggy, zomato etc. were offering better money for these people and other companies had to raise their salaries to keep them. The demand and supply of workers decide the salary.
There should still me a minimum wage that should be provided to all workers though. The fact that the basic salary that people are getting paid isn't even enough for them to rent a house and just meet their basic needs is crazy. Big companies are literally getting away with the fact they pay peanuts to their workforce because of population. And you are telling me just because there are enough people here so therefore it's okay for them to exploit the situation and we shouldn't even be calling them out for exploiting. There is no acceptable way in which they should be allowed to keep the salaries the same even after 10 years. They are called out and looked down upon in our country because they are earning in billions while payi g their workers not enough to live a decent life.
And then we also have people here complaining why can't skilled labor stay in India and develop our country. Why would anyone in their right mind, knowing their skillset would stay and get paid peanuts and exploited.
The various states do have a minimum wage law which works out to Rs. 1.7 lakhs a year in Delhi which is the country's highest. Also all businesses in all countries 'exploit' workers as it is what's best for profits. The only reason Indians go abroad is that they get a higher pay from what they would in India, when compared. And the earnings part is same across the world, Owners and top level executives earn a lot while the lower end workers don't make such money. Companies pay in response to demand and supply. Also a lot of businesses which are not in the IT field don't have higher margins like the Airlines, Telecom, Real Estate, Mining, Manufacturing, FMCG have much lower profit margins. So not every company can afford to pay their employees more. Also most businesses in India are MSMEs, which again don't make that kind of great profits.
No one is cursing small business owners in India. Or people who really do have a lesser profit margin.
People are only cursing the super rich ones. The ones where we know they are making a lot but not giving enough to their employees. As someone who is able to see the billing that we get from clients in IT and then see how much the company pays to the workers, it is a lot less. They most certainly can increase the salary and still have a very good profit margin. And people curse super rich businessman all over the world. Jeff Bezos isn't getting all the love of the world as well.
They can but they choose not to because of the basic rule of demand and supply. Because there is an excess of labour availability in the market, the labour is paid less because it can be replaced easily. And I am not saying it is right but it is what happens.
I have no issues with you wanting to sing their praises. Clearly you already do anyway. But I personally am not super comfortable with how low people get paid and I personally don't feel good about how in the name of demand and supply people think it's okay to not even get paid enough to be able to live a decent life.
It's still simply not okay. No matter the demand or supply, they should still be paying enough money to people that they shouldn't have to live in cramped places, wonder about how price increase in items could lead to them not able to buy vegetables, worry about basic transportation and schooling of their kids.
You don't have to be confortable with it but that is the reality. And they can do that as people accept it. If the people don't accept, then they change the pay. No business will pay more than it has to. To change that you have to speak up.
Wealth creation should not be seen in negative light always.
The so called indian "entrepreneurs" run sweat shops deny minimum facilities , overtime pay are real concepts only in big companies , usually they won't even give you your p.f account , if you are a fresher you will be working 12 hrs a day 24*7 , your wage cuts depend on their whims , and then act like they are doing you a favour by letting you work for them . This is the usual scene of it sector and the manufacturing is even more horrifing.
u/catrapingcumdrinker. defence forum india wala yusuf hai na yeh?
" My wife divorced me and married someone else and became very rich and successful. I am very proud, I will take credit and I will celebrate "
If they were good they would be praised like India’s gem Sir Ratan Tata and Mr. Anand Mahindra. There’s a reason Adani and Ambani will never get praised like them.
Can you elaborate on differences between Ambani and mahindra. You would've been paying 300 per gb if not for Ambani.
I can tell you the difference between Tata and Ambani. Tata funds woke through institutions like TISS. When you give them livelihood like this, you would be last person they would come after. This is a model that is very popular in the rest of the world as well. Pink capitalism has its own benefits. By pink washing your image, you distract everyone and brand yourself as the good guy.
They only reason they hate Ambani and Adani and not Tatas and Mahindra is because toolkit targeted them.
If there's one thing communists hate to the core, it's the industrialists/capitalists, one more reason why Ambani and Adani are hated more than others is that they are driving the stonks up at higher speed than others and in turn gdp growth, if say Mahindra goes on a spree like Adani and Ambani, you would see him also being targeted by these people.
It has nothing to do with charity done by these orgs as people may claim. You think reliance doesn't do any charity??
The guy is highest tax payer of India and has single handedly made internet affordable, but the wine sipping and fine dining peeps can't fathom how dare a person from village put forward his opinion on same platform on which they spit out bullshit day in and day out.
What ? I get 110-120 Mbps speed in both Airtel and jio 4G in Delhi
Few pockets of Delhi maybe. What about rest of the country ?
Najafghar is not exactly well developed area of Delhi
I’m pretty sure the national capital has better network coverage than 90% of India
I get 60-70 Mbps and sometimes even more in both Jammu and banglore lol check your phone and your network.
Of course you can’t compare those speeds to international speeds. The downvote mafia has found my comments and attacked me
Of course you can those speeds are what is expected of 4g.Check if you are getting the 4g+ icon on your cellphone to get 4g advanced network connection
NOBODY is forcing you to avail the service which you don’t like
All the service providers provide low speeds. It’s fun to see common man sticking up for a multibillion dollar corporate that doesn’t give a damn about you
Please its my humble request you to start your own telecom company which will give customer high speed . I will be your first customer .
Wow can’t believe you’re attacking me and sticking up for corporates just because they’re Indian origin. Perfect modern day slaves
I am not attacking you . I just showing you the REALITY. Come out from your utopian world .
Lets for a moment I am agree with your complaints. Tell me what’s the solution of it .
60mbps is 3G speed? And I live in outskirts of Hyderabad city. I was getting 50mbpa in 2016 itself in main parts of the city, infrastructure has improved a lot in these 5 years.
What are you getting at 6pm in your location ? Let me know. I’ll bet it’s not 60mbps
I will test again today and send the screenshot to you.
Sure. Cause I’m using Airtel, Jio and Idea. Max is MBPS
I checked just now, and I am getting around 20-28 Mbps inside of my college. I get more speeds in my house ofc.
Yup you won’t get 60mbps. https://m.timesofindia.com/gadgets-news/india-ranks-131-in-global-mobile-internet-speeds-heres-why-unlimited-mobile-data-is-of-little-help/amp_articleshow/78839714.cms
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Now are we going to call this a foreign propaganda ? Lol
Anand Mahindra funded Dismantling Global Hindutva, Devdutta Patttnaik, ShethePeople
Ratan Tata funds Sheldon Pollock.hundreds of Maoists via TISS, the recent NGOs which are waging war in courtroom to stop defense roads constructions on Indo-China border.
Please post proof of all these claims that you make.
I think he is referring you to a subreddit named r/RegimeChange101
Are you serious!?
There are many posts regarding this on that sub I am trying to save u/ChirpingSparrows time to search and link the posts.
PS: This does not mean I agree with all of what is said on that sub.
That’s because they are TAX CHOR
Any sensible business will try to minimize tax burden. Do you understand capitalism?
Tax CHOR who live in paradise-like country and love the exporters of terrorism
it's the duty of the government to set sensible tax policies and recover the taxes . Companies CEO's responsibility to their shareholders, not tax department.
That's the whole point! Companies CEO's should be held accountable to the Tax Department when they are infact playing with public's money by getting loans sanctioned by public sector banks. And even private sector banks because they are still playing with the wealth of a collective majority of common people.
Blame corrupt politicians and bureaucrats who nationalized banks, and who dispense tax payers money and like free candy. Can you really blame CEOs when the system is so rotten ? Why did the bank officials sanction the loan ? We even let Malliya walk to U.K , do you think this happened without the complicity of the ruling dispensation?
you are jealous of them for evading taxes ,then why don't you also become one businessman ?
Ask politicians that why such loopholes exists,
also its not like common man doesn't try those loopholes to pay least amount of taxes.
Looks like you never filed tax.
Eat here, love the jihadis! Tax CHOR