I. The Question of Why India’s Muslims Are Poorer than Its Hindus India’s Muslim minority—as of the early twenty-first century, around 12% of its ethnically and religiously diverse population—lags behind the country’s Hindu majority economically. The average household income for Muslims is 76.6%, and per capita income 72.4%, of the corresponding figure for Hindus. In rural areas, the typical Muslim-owned farm is only 41.1% as large as the typical Hindu-owned farm. Muslims have relatively lower labor participation rates and higher unemployment rates in both cities and the countryside ðShariff and Azam 2004, vii; figs. 12, 15, 16, 18; tables 6, 7Þ. The 2011 Forbes list of the 100 richest Indians includes just three Muslims.1 The underperformance of Muslims is particularly striking in the management of its private companies. Shortly after India gained independence from Britain in 1947, only one of India’s 80 largest publicly traded companies had a Muslim at its helm ðGovernment of India 1955Þ. A half century later, in 1997, just one of India’s 50 largest business groups was headed by a Muslim ðTripathi and Mehta 1990, 340–42Þ. 2 In describing the economic performance of Muslims in independent India, Omar Khalidi ð2006, 88Þ infers from such statistics that Muslims “lack the ability to organize and plan enterprises on modern lines.”
My reading of the paper is that Muslim inheritance law (which divides the estates more or less equally) prevented capital accumulation to the same extent as Hindu family law. Essentially the Hindu joint family concept was very similar (structurally) to the joint-stock corporation; allowing mercantile Hindu families (especially in Western India) to rapidly accumulate capital and also move on to professional management sectors (as Sereno mentions in the previous post; privilege encompasses both financial, educational and social capital).
Furthermore Islam’s prohibition on credit made the waqf’s (essentially Islamic family trusts) less liquid and unable to allow Muslim families to fully take advantage of the assets that they controlled.
After the jump I’ve excerpted two paragraphs from the paper that touch on both the above points.
The four non-conforming Muslim castes (Khojas, Memons, Bohras and Ghiarasis – the last I had never heard of) were the only ones who maintained their pre-conversion Hindu family practises (Dina Wadia argued that the Quaid’s family estate should be divided as per Hindu law owing to his Khoja origins).
Continue reading Economic Modernization in Late British India: Hindu-Muslim Differences
Please see starting 1 hour, 4 minutes in:
A serious and important question for the entire Brown Pundit community: Should we do anything if someone such as Mr. Micheal Eric Dyson calls us a:
“mean mad asian man and the viciousness is evident”?
I don’t know the answer, but the attack is coming. Already a plurality of the world’s billionaires are Asian. And soon a majority will be Asian. When I was fifteen I saw academics from American university attack “Asian fat cats”; and call Hindus/Buddhists “Nazis” and “Fascists.” Back then American academics were anti conservative muslim too (81% of American muslims voted for GW Bush in 2000).
Mr. Jordan Peterson is not an American and very likely most of his fans are not Americans. Mr. Michael Eric Dyson acknowledged knowing almost nothing about Jordan Peterson personally and launched this attack abroad, in Toronto, before a very large Jordan Peterson supportive crowd. Mr. Dyson knew the foreign crowd would boo him. He said it anyway.
If Jordan Peterson with his enormous international prestige can be attacked in this way, any of us can be attacked as a “mean mad asian man” far more easily. [Asian woman can be attacked as a “mean mad asian.”]