[ad_1]
India’s richest list is dominated by two As – Gautam Adani and Mukesh Ambani – and India Inc’s gap with other companies is huge. read more
New Delhi: India’s richest list is dominated by two As – Gautam Adani and Mukesh Ambani – and India Inc’s gap with other companies is huge.
There was a time when Tata and Birla were synonyms for the rich in India. , and the MA Chidambaram Group in the south had their own wealth. As time went on, many groups found themselves in a predicament and had bad times.
This journey has many defining moments that have had a debilitating impact on the family-industrial group. 1964 was a turning point, the year the Monopoly and Restrictive Trade Practices Commission was established. By that year, the MRTP Commission had finished collecting and screening information on large Indian companies, and reliable data were available.
The next interesting inflection point came in 1991 when the PV Narasimha Rao government introduced a new economic policy. Here everything changed – India’s most radical policy document, the New Industrial Policy – Licensing Grant Raj, was repealed on his 24th July 1991.
Democratic Socialism was consigned to the rubbish heap of history – License Raj, in place for 40 years, came to an end with a new industrial policy announced by Finance Minister Manmohan Singh and Prime Minister PV Narsima Rao . Minister of Industry.
The New Industrial Policy proposed removing monopolies and restrictive trade practices and abolishing industrial licenses in all but 18 industries. One project proposed that he increase his foreign equity holdings by 51%. Indian industry is freed from control and bureaucracy like never before.
Bloomberg Billionaire Index
For the past 30 years, India Inc has had a headache. Currently, Gautam Adani ranks him fourth in the world according to the Bloomberg Billionaire Index, with a total net worth of him at $125 billion.
After Adani, Mukesh Ambani comes in at number 10 with a net worth of $83.6 billion.
After Adani and Ambani, however, the gap widens significantly and is bridged by the Tsar of Software. Next on the list from India is Wipro’s Azim Premji at number 45 with a net worth of $24.6 billion.
HCL Technologies’ Shiv Nadar is number 51 on the index and has a net worth of $22.8 billion. Representatives from India are Dilip Shanghvi with a net worth of $14.9 billion, who comes in at only 101st, followed by Cyrus Poonawalla, who comes in at 102nd with a net worth of $14.8 billion. Lakhsmi Mittal is 103 years old and has a net worth of $14.7 billion.
Uday Kotak is ranked 106th with a net worth of $13.7 billion. Savitri Jindal ranks him 119th on the Bloomberg Billionaires Index and has a net worth of $12.9 billion.
Sunil Mittal is number 134 with a net worth of $12.2 billion. Kumar Birla is 159 years old and has a net worth of $10.8 billion.
all the latest News, Opinions, Views,download ummid.com app.
select language to read Urdu, Hindi, Marathi or Arabic.
.
[ad_2]
Source link
