The Indian chromosome
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phk
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« on: May 08, 2008, 10:38:13 PM »

The Indian chromosome

By Dr Farrukh Saleem
Twenty-five thousand years ago, haplogroup R2 characterized by genetic marker M124 arose in southern Central Asia. Then began a major wave of human migration whereby members migrated southward to present-day India and Pakistan (Genographic Project by the National Geographic Society; http://www.nationalgeographic.com/). Indians and Pakistanis have the same ancestry and share the same DNA sequence. Here's what is happening in India:

The two Ambani brothers can buy 100 percent of every company listed on the Karachi Stock Exchange (KSE) and would still be left with $30 billion to spare. The four richest Indians can buy up all goods and services produced over a year by 169 million Pakistanis and still be left with $60 billion to spare. The four richest Indians are now richer than the forty richest Chinese.

In November, Bombay Stock Exchange's benchmark Sensex flirted with 20,000 points. As a consequence, Mukesh Ambani's Reliance Industries became a $100 billion company (the entire KSE is capitalized at $65 billion). Mukesh owns 48 percent of Reliance.

In November, comes Neeta's birthday. Neeta turned forty-four three weeks ago. Look what she got from her husband as her birthday present: A sixty-million dollar jet with a custom fitted master bedroom, bathroom with mood lighting, a sky bar, entertainment cabins, satellite television, wireless communication and a separate cabin with game consoles. Neeta is Mukesh Ambani's wife, and Mukesh is not India's richest but the second richest.

Mukesh is now building his new home, Residence Antillia (after a mythical, phantom island somewhere in the Atlantic Ocean). At a cost of $1 billion this would be the most expensive home on the face of the planet. At 173 meters tall Mukesh's new family residence, for a family of six, will be the equivalent of a 60-storeyed building. The first six floors are reserved for parking. The seventh floor is for car servicing and maintenance. The eighth floor houses a mini-theatre. Then there's a health club, a gym and a swimming pool. Two floors are reserved for Ambani family's guests. Four floors above the guest floors are family floors all with a superb view of the Arabian Sea. On top of everything are three helipads. A staff of 600 is expected to care for the family and their family home.

In 2004, India became the 3rd most attractive foreign direct investment destination. Pakistan wasn't even in the top 25 countries. In 2004, the United Nations, the representative body of 192 sovereign member states, had requested the Election Commission of India to assist the UN in the holding of elections in Al Jumhuriyah al Iraqiyah and Dowlat-e Eslami-ye Afghanestan. Why the Election Commission of India and not the Election Commission of Pakistan? After all, Islamabad is closer to Kabul than is Delhi.

Imagine, 12 percent of all American scientists are of Indian origin; 38 percent of doctors in America are Indian; 36 percent of NASA scientists are Indians; 34 percent of Microsoft employees are Indians; and 28 percent of IBM employees are Indians.

For the record: Sabeer Bhatia created and founded Hotmail. Sun Microsystems was founded by Vinod Khosla. The Intel Pentium processor, that runs 90 percent of all computers, was fathered by Vinod Dham. Rajiv Gupta co-invented Hewlett Packard's E-speak project. Four out of ten Silicon Valley start-ups are run by Indians. Bollywood produces 800 movies per year and six Indian ladies have won Miss Universe/Miss World titles over the past 10 years.

For the record: Azim Premji, the richest Muslim entrepreneur on the face of the planet, was born in Bombay and now lives in Bangalore. India now has more than three dozen billionaires; Pakistan has none (not a single dollar billionaire).

The other amazing aspect is the rapid pace at which India is creating wealth. In 2002, Dhirubhai Ambani, Mukesh and Anil Ambani's father, left his two sons a fortune worth $2.8 billion. In 2007, their combined wealth stood at $94 billion. On 29 October 2007, as a result of the stock market rally and the appreciation of the Indian rupee, Mukesh became the richest person in the world, with net worth climbing to US$63.2 billion (Bill Gates, the richest American, stands at around $56 billion).

Indians and Pakistanis have the same Y-chromosome haplogroup. We have the same genetic sequence and the same genetic marker (namely: M124). We have the same DNA molecule, the same DNA sequence. Our culture, our traditions and our cuisine are all the same. We watch the same movies and sing the same songs. What is it that Indians do and we don't: Indians elect their leaders.

The writer is an Islamabad-based freelance columnist. Email: farrukh15@hotmail.com
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Beet
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« Reply #1 on: May 09, 2008, 10:05:19 PM »

Pakistan was more economically successful through the 1980s; of course they have also elected their leaders about half the time.
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Sbane
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« Reply #2 on: May 10, 2008, 07:11:54 AM »

Dumbest conclusion ever. India is prospering today because the license raj is over and the government is slowly giving control of the economy to entreprenuers. I think a comparison between India and China is more appropriate. China opened up its economy in 1970's while India only did so in 1991. And today China is about 20 years ahead of India in development. And you know why India is behind? Because at the same time China was opening up we were electing stupid socialists like Queen Indira.
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Sbane
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« Reply #3 on: May 10, 2008, 07:18:13 AM »

As for India vs Pakistan it all comes down to stability. Nobody wants to invest in a country where the only images that come out of it are of riots and bombings. Pakistan needs to purge itself of islamic terrorists or else it will remain exactly how it is. If only we could get more Pakistanis to have Azim Premji as an idol instead of Osama Bin Laden, the world( and Pakistan) would be better off.
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opebo
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« Reply #4 on: May 11, 2008, 02:06:44 AM »

I practically subsist upon the Indian Buffet when in america.
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Sbane
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« Reply #5 on: May 11, 2008, 05:12:59 AM »

I practically subsist upon the Indian Buffet when in america.

LOL so that means you eat indian food all the time? Thats f'in tight man. If you are ever in the bay area hit up a restaurant called Shalimar. The best and most authentic Indian/Pakistani food ever.
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opebo
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« Reply #6 on: May 11, 2008, 06:21:38 AM »

Thanks for the tip, sbane, though I have to say the chances of me ever being in the bay area are minute.  I'm partial to Southern Indian lately.. got kinda bored of Northern.  Unfortuneatly we only have one South Indian restaurant in St. Louis.

Regarding the main discussion of the thread, I think that India's democracy has been a great acheivement, and it has contributed to stability.  I do agree with sbane however that capitalism has nothing to do with democracy (in fact it is precisely un-democratic).
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Хahar 🤔
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« Reply #7 on: May 12, 2008, 11:42:57 AM »

What a stupid conclusion. That doesn't even make sense.
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Beet
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« Reply #8 on: May 12, 2008, 04:16:20 PM »

Dumbest conclusion ever. India is prospering today because the license raj is over and the government is slowly giving control of the economy to entreprenuers. I think a comparison between India and China is more appropriate. China opened up its economy in 1970's while India only did so in 1991. And today China is about 20 years ahead of India in development. And you know why India is behind? Because at the same time China was opening up we were electing stupid socialists like Queen Indira.

That's the conventional wisdom. But India's economic growth curve jumped up around 1980, not 1991, (then jumped up again around 2004).
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Sbane
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« Reply #9 on: May 12, 2008, 05:59:46 PM »

Dumbest conclusion ever. India is prospering today because the license raj is over and the government is slowly giving control of the economy to entreprenuers. I think a comparison between India and China is more appropriate. China opened up its economy in 1970's while India only did so in 1991. And today China is about 20 years ahead of India in development. And you know why India is behind? Because at the same time China was opening up we were electing stupid socialists like Queen Indira.

That's the conventional wisdom. But India's economic growth curve jumped up around 1980, not 1991, (then jumped up again around 2004).

Sure that could be the case, I'll have to look into why growth occured in the 80's. The most ridiculous thing about India before 1991 was the license raj which allowed government officials to bilk millions out of legitimate business and only large companies were able to afford all this BS. Foreign companies obviously did not wish to deal with the mess and they overlooked India. The reforms of 1991 set up India for its growth today. Oh another reason is India's MP's were not able to forsee the rise of the computer and thus were incapable of retarding growth in that sector.
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Beet
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« Reply #10 on: May 12, 2008, 11:38:22 PM »

Dumbest conclusion ever. India is prospering today because the license raj is over and the government is slowly giving control of the economy to entreprenuers. I think a comparison between India and China is more appropriate. China opened up its economy in 1970's while India only did so in 1991. And today China is about 20 years ahead of India in development. And you know why India is behind? Because at the same time China was opening up we were electing stupid socialists like Queen Indira.

That's the conventional wisdom. But India's economic growth curve jumped up around 1980, not 1991, (then jumped up again around 2004).

Sure that could be the case, I'll have to look into why growth occured in the 80's. The most ridiculous thing about India before 1991 was the license raj which allowed government officials to bilk millions out of legitimate business and only large companies were able to afford all this BS. Foreign companies obviously did not wish to deal with the mess and they overlooked India. The reforms of 1991 set up India for its growth today. Oh another reason is India's MP's were not able to forsee the rise of the computer and thus were incapable of retarding growth in that sector.

I have heard two main reasons given by economists:
1. PM Rajiv Gandhi who took office in 1984 initiated some limited reforms, and attitudes towards businesses started to shift in the 1980s. However, this does not explain why growth started to accelerate in 1980, rather than 1985.
2. Borrow-and-spend policies, similar to those of Latin America in the 1970s, accelerated growth, but these eventually led to the 1991 fiscal crisis which sparked the market reforms.

A third explanation, which I do not remember the source (but I believe it to be in print) holds that India's improved economic performance in the 1980s has its roots in the period of Emergency Administration (1975-77) and subsequent economic mismanagement under the Janata Party in 1977-1980. Apparently, during the emergency rule period a 20-point economic programme was implemented which included liberalizing investment procedures. The lessons of the success of this period may have been emulated by the next democratic Congress government, elected in 1980.

I'd see this blog-
http://endpovertyinsouthasia.worldbank.org/four-incovenient-truths-about-indias-economic-growth
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Sbane
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« Reply #11 on: May 13, 2008, 11:55:56 AM »

I guess attitudinal changes did lead to more productivity and I guess I buy that. Companies like Birla and Tata seem to me seem to always have been doing fine. But the inherent unfairness of India's economy in the 80's was the uncompetitiveness created by various government regulations. It is interesting though that growth was more sustained in the 80's than the 90's. Perhaps that has something to do with recovery from the truly horrible 1970's. The emergency was an overall bad for India but it does seem to have done some good, the economic turnaround being one of them. Anyways Rajiv was mostly the brain behind these operations, Indira was just the bitch in power.
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