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Saurabh Mukherjea explains that the British Raj made people believe that working in offices and getting degrees was the best way to live.
The number of new companies in India has grown six times in just the past ten years. (Photo Credits: X)
Entrepreneur-author Saurabh Mukherjea believes the Britishers created a class of office workers to run India during the colonial rule and the country followed it even after Independence.
The Marcellus Investment Managers founder said the leaders copied the colonial system, making people believe that working in offices and getting degrees were the best ways to live.
On the Bharatvaarta podcast, the ace investor said, “We were a very entrepreneurial society. The British came in, created the civil service and created the clerical babu class. After 1947, the people who ran our country took the British babu wala model, supplanted it on independent India and made us a nation of office workers. I think that the world is broken. I think we go back to the India that prevailed pre-British Raj, a highly entrepreneurial, prosperous, vibrant society.”
Mukherjea shared that he learned something new from a book called India Before Ambani by Lakshmi Subramanyam. The book explains that during 200 years of Mughal rule, India had a strong and active free market. The country was a major trade hub for East Asia and the Middle East. Ships full of goods used to sail from Indian ports in all directions. At that time, the cost of capital was similar to what it is today. India has a rich and successful business community. But when the British took control, they broke this system on purpose for their benefit.
“British created this sneering attitude towards Indian entrepreneurs that there’s something distasteful about entrepreneurship, something distasteful about building a business. They wanted to promote their own business people and they left but they left the bloody legacy, the insidious legacy that there is something wrong with entrepreneurship and the best thing in life is to learn your way through school, into university, get some prestigious degrees and have a life of servitude and white collar employment,” Mukherjea explained.
Saurabh Mukherjea believes that the old way of thinking, which went on after the British left India, is finally changing. For many years, people thought the best way was to work in offices or government jobs. But now, there is a new energy in the country as many people are starting their own businesses. In fact, the number of new companies has grown six times in just past ten years.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
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Delhi, India, India
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