India's Success and Pakistan's Failure
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India's Success and Pakistan's Failure

Abu Dhabi : United Arab Emirates | Jun 12, 2009 at 1:18 AM PDT
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A friend sent me this interesting article. My own comments appear below it.

Capital suggestion

By Dr Farrukh Saleem

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 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 often 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 have and we don't?

INDIANS ELECT THEIR LEADERS

And also to mention: They think of Construction of own nation, unlike nations who are just concerned with destruction of others...

swinginjazz's Comments:

I think the biggest reason for India's success and Pakistan's failure is that India's government has always invested in education while Pakistan's literacy rate is only about 29 %. If a country has an educated workforce, it can produce miracles. I'm not sure, but I think Bangladesh and Sri Lanka have a higher literacy rate than Pakistan, which would mean that Pakistanis are the least educated people in the Subcontinent. I have always resisted people's suggestions that Pakistanis should inwards, which is what this article is trying to get us to do. I always thought, "Why do I need to look inwards? My life isn't a mess." But now I think that it's not I that needs to look inwards. It's the rest of the country that needs to look inwards because they have been hurting themselves by voting for corrupt people like Benazir Bhutto and Nawaz Sharif. Sharif stole $ 3 billion while Zardari stole $ 1.5 billion from the Pakistani people during the 1990's. I have never supported these guys. The people that have supported them need to think about why the 4 richest Indians can buy up all the goods and services produced in Pakistan in a year.

By the way, the fact that six Indian ladies have won Miss Universe/Miss World while no Pakistani lady has does not really bother me. I don't see this as substantive as the fact that 12 % of American scientists are of Indian origin. But you know what, a country of 1.2 billion people is bound to have a lot of smart, gorgeous, ambitious women. So it's not that surprising. And another think, Dr. Farrukh Saleem ends the article by implying that Pakistani leaders are only concerned with the destruction of other nations. This is not true. Pakistani generals are only concerned with bleeding India and hurting the Indian economy. None of them believes that they can "destroy" India. Their antipathy towards India mainly has to do with the fact that if India ends up controlling all of Kashmir one day then it may shut off Pakistan's water supply from the Siachen Glacier. Many analysts have noted that in the future, world wars will be fought over access to water. So Pakistan does have some legitimate concerns with respect to India. But it is unconscionable that Pakistan spends more on defense than on education and health care.

Saad Zafar is based in Abu Dhabi, Abu Dhabi, United Arab Emirates, and is an Anchor on Allvoices.
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