5% of population, yet over 50% of Indian billionaires: Stock company founder highlights India's most successful business community

Gujarat’s Economic Influence

Choksi’s post on X (formerly Twitter) highlighted Gujarat’s significant contribution to India's economy. The state generates over 8 per cent of the nation’s GDP and nearly 18 per cent of its industrial output. Gujarat also accounts for 25 per cent of India’s total exports, despite covering just 6 per cent of the country’s land area. These figures showcase Gujarat’s critical role in India's industrial and trade sectors.

A Culture Rooted in Business

Choksi noted that Gujarat has a deeply ingrained entrepreneurial culture. He referenced the saying, “naukri toh gareebon ka dhanda che,” which translates to “jobs are for the poor.” From a young age, children in Gujarati families are exposed to business practices, risk management, and financial decision-making. This early exposure creates a strong foundation for future entrepreneurs.

Risk-Taking and Strong Networks

Choksi emphasized that risk-taking is a defining characteristic of Gujarati business practices. Whether in the diamond trade or stock markets, Gujaratis are known for making calculated risks. This approach is supported by strong family and community networks, which provide financial and strategic support. Additionally, Gujaratis prioritize reinvestment over excessive spending, ensuring long-term wealth accumulation.

Industry Leaders on a Global Scale

According to Choksi, Gujarat’s business influence extends beyond India. In Surat, Gujarati entrepreneurs control 90 per cent of the world’s diamond processing. In the United States, they own over 60 per cent of motels, reflecting their success in diverse industries such as finance, textiles, and technology.

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Top Gujarati Billionaires
A recent DNA report listed some of