Great Gujarat


[1] Our State of GUJARAT Situated in western India and bordering Pakistan, Gujarat is among Indias most prosperous states.

[2] Its per capita GDP is 2.4 times the Indian average.

Gujarati’s GDP growth rate is 10.6% and India can not achieve 8 percent Growth rate without Gujarat getting closer to 12% growth rate.

[3] If it was a nation it would have been 67th richest nation in the world above many European and Asian economies like Taiwan and Ukraine .

Gujarat holds many records in India for economic development:
20% of India ‘s Industrial Output
80% of India ‘s Diamond Production
9% of India ‘s Mineral Production
50% of India ‘s Natural Gas Production
54% of India ‘s Crude Oil Production
22% of India ‘s exports
24% of India ‘s textile production
45% of India ‘s pharmaceutical products
35% of India ‘s Sponge Iron Production
47% of India ‘s petrochemical Production

[4] The world’s largest ship breaking yard is in Gujarat near Bhavnagar at Alang. Reliance Petroleum Limited, one of the group companies of Reliance Industries Limited founded by Dhirubhai Ambani operates the oil refinery at Jamnagar which is the world’s largest grass roots refineries.

[5] Gujarat ranks first nationwide in gas-based thermal electricity generation with national market share of over 8% and second nationwide in nuclear electricity generation with national market share of over 1%.

[6] Over 20% of the S&P CNX 500 conglomerates have corporate offices in Gujarat Over 35% of the stock market wealth of India is with Gujarati People.

[7] In recent Forbes magazine list of 10 richest Indian people four are Gujarati – Mukesh Ambani, Anil Ambani, Azim Premji and Tulsi Tanti over 60% of Indian Population in North America is Gujarati.

[8] An average income of a Gujarati family in North America is three times more than the average income of an American family.

[9] Gujarat is having the longest sea shore compared to any other Indian state

Gujarat is having the highest no. of operating airports in India (Total 12).

India’s 16% of Investment are from Gujarat.

[10] Gujarat is having highest no. of vegetarian people compared to any other state in India ..

[11] The first ALL VEG PIZZA-HUT was opened in Ahmedabad

[12] Ahmedabad “ the commercial capital of Gujarat is the seventh largest city in India.

[13] Surat is the fastest growing city in the world.

[14] Gandhinagar is the Greenest Capital City in whole Asia

[15] Indian Institute of Management, Ahmedabad(IIMA) is Asia ‘s 1st and world’s 45th ranked management college located in Ahmedabad, Gujarat .

[16] Gujarat is the safest state as the Crime rate of it is 8.2 which is the least in India stated by India Today 2005 report.

[17] Gujarat is having least crime against women among all Indian states where AP is 1st, Delhi is 2nd , Bihar is 3rd , Zarakhand is 4th and UP is 5th.

[18] Ahmedabad which is the seventh largest city in India is the lowest in crime rate among all Tier-I and Tier-II cities of India as per National Crime Records Bureau (NCRB) report.

[19] Ahmedabad is ranked 2nd in Real Estate – Ahead of Bangalore, Chennai, Hyderabad, Mumbai & Delhi.

[20] Ahmedabad is ranked 3rd in Policy Initiatives – Ahead of Bangalore, Chennai, Calcutta, Mumbai & Delhi.

[21] Ahmedabad is ranked 4th in Manpower – Ahead of Bangalore, Chennai, Mumbai & Delhi. Percent of man-days lost in Gujarat due to labor strike are lowest in country – just 0.52%

[22] It is the first state to implement the BOT law for encouraging private sector participation.

[23] The first state to have to fully functional LNG terminal.

[24] Gujarat has 33 approved SEZs.

[25] Gujarat is the first state to interconnect 20 rivers.

[26] It is the first state to provide uninterrupted 24hr 2 phase electricity to all villages.

[28] It is the only state with statewide gas grid.

[29] It is currently implementing statewide water distribution grid that will connect all 14,000 villages and all cities.

[30 ]It has largest e-governance network in Asia Pacific.

[31] Its agricultural production has been increased four-fold in five years (from USD 2 Billion in 2001-2002 to 7.5 Billion in 2005-2006).

[32] In every corner of Gujarat, within the range of 25 KMs there is a development going on.

[33] Operation WHITE FLOOD (MILK) was initiated in Gujarat by Dr. Kurien which took India in 1998 to become highest milk producer in the world.

[34] Consumption of GOLD in Gujarat is highest in India.

[35] Largest number of immigration & emigration is done from Gujarat.

Also highest Numbers of passports are issued from Gujarat .

[36] Baroda gas project – bringing natural gas to every home – more than 35 years ago they installed pipelines to bring natural gas to every kitchen.

[37] AMUL – NDDB another achievement for Gujarat – it was just fantastic to see how they collected milk early morning from every village in Gujarat. The villagers would line up at 3 in the morning at the milk collection centers!!! What a sight!

[38] According to a recent study by the Reserve Bank of India, the country’s central bank, Gujarat stood first in the country with investments of US$17.8 billion in 2006-07 or 25.8% of India ‘s total investment of $69 billion during the year.The southern state of Andhra Pradesh stood a distant second having attracted $6.1 billion in 2006-07.

[39] Gujarat moved up from second place in 2005-06 having tripled its investments in a year. A report in Times of India describes the Gulf of Kutch as India’s ‘Gulf of Riches’. Four top business houses – Reliance Industries, Essar Group, Adani Group and Tata Group, have invested about $34 billion along the Gulf of Kutch’s 700-kilometer long coastline. Other corporate, which had invested over $3.26 billion since the 2001 earthquake have investments worth another $19.5 billion in the pipeline.

[40] Ten special economic zones (SEZs) near Jamnagar, a 4000-megawatt power project and five private shipyards are coming up. And massive expansion is being undertaken of the Mundra and Kandla ports.

[41] Gujarat’s 41 ports handle 80% of India’s port traffic and 20% of its cargo. It is estimated that by 2015, Gujarat’s ports will handle 39% of India’s cargo.

[42] Not only has Gujarat unseated Maharashtra as India’s number one investment destination but also, it is threatening to dislodge Mumbai, Maharashtra’s capital and the financial and business capital of India, as the trade gateway to the country.

[43] Mundra port where Indian Oil Corporation and Hindustan Petroleum are setting up giant oil storage capacities has already emerged as India’s largest private oil storage tank farm. Sixty percent of India’s coal imports enter via Mundra port. Mundra’s importance is likely to soar further with the completion of mega power plants being set up by Adanis and Tatas.

[44] The volume of cargo handled by Mundra and Kandla ports alone has outstripped that handled by Mumbai’s ports – the Mumbai Port Trust and the Jawaharlal Nehru Port Trust. And now Gujarat is nursing ambitions of dislodging Mumbai as India ‘s financial hub. Its government recently announced the setting up of an international financial services center, the Gujarat International Finance Tech-City with an investment outlay of $6 billion in Ahmedabad.

[45] Forbes Magazine published list of Top 20 Self-Made Business-Men from Asia The list includes 6 men from India and out of 6 three are Gujarati – Tulsi Tanti, Gautam Adani and Uday Kotak.


No, surely not. However it is time to be cautious for sure. What are the risks in gold? Or is it that there are no risks at all, as some readers would like to believe?

Well let us look at some of the risks:
1. It is not an essential commodity: You cannot eat gold. If prices go beyond a point, people will just not consume it! It is not air or water.

2. Remember in the year 2008 gold lost MORE THAN 30% of value clearly the hedge theory goes. A hedge asset SHOULD move in the other direction, not in sympathy.

3. In the 1980s gold lost about 65% of its value in about 2 years time! Remember both these events happened against a not very strong currency the US dollar!!

4. When fear subsides, and things return to normal, the law of demand and supply will apply to all assets including gold.

5. The Chicago Mercantile Exchange has a very high margin now for gold and CME is a good reader of volatility. Expect volatility, margin calls, and sales by the lenders all these do not sound good.

6. No income generating capability: If you go wrong in a portfolio of good shares (i.e. prices have fallen!) at least you are sure of getting a 2% to 4%p.a. return in dividends. This is not great, but will FORCE lenders / investors to discount the cashflow and arrive at a new price. If the company does well, dividends will increase, forcing the value to go up. Sadly in case of gold, I have to hope that there is a GREATER FOOL THEORY and I will be able to find him, so that I can sell. This is not easy.

The author P V Subramanyam is a Chartered Accountant by qualification and a financial trainer by profession. Writing being a passion he also regularly pens his thought in his blog

Originally at

Akbar & Birbal


The wisdom of Birbal was unparalleled during the reign of Mughal Emperor Akbar in India.

But Akbar’s brother in law was extremely jealous of him. He asked the Emperor Akbar to dispense with Birbal’s services and appoint him in his place. He gave ample assurance that he would prove to be more efficient and capable than Birbal.

Before Emperor Akbar could take a decision on this matter, this news reached Birbal. Birbal resigned and left.

Emperor Akbar’s brother in law was made the minister in place of Birbal.

Emperor Akbar decided to test the new minister. He gave three hundred gold coins to him and said,
“Spend these gold coins such that, I get a hundred gold coins here in this life; a hundred gold coins in the other world and another hundred gold coins neither here nor there.”

The minister found the entire situation to be a maze of confusion and hopelessness. He spent sleepless nights worrying over how he would get himself out of this mess. Thinking in circles was making him go crazy.

Eventually, on the advice of his wife he sought Birbal’s help.

Birbal said, “Just give me the gold coins. I shall handle the rest.”

Birbal walked the streets of the city holding the bag of gold coins in his hand.

He noticed a rich merchant celebrating his son’s wedding. Birbal gave a hundred gold coins to him and bowed courteously saying, “The Emperor Akbar sends you his good wishes and blessings for the wedding of your son. Please accept the gift he has sent.”

The merchant felt honored that the Emperor had sent a special messenger with such a precious gift. He honored Birbal and gave him a large number of expensive gifts and a bag of gold coins as a return gift for the Emperor.

Next, Birbal went to the area of the city were the poor people lived. There he bought food and clothing in exchange for a hundred gold coins and distributed them in the name of the Emperor Akbar.

When he came back to town he organized a concert of music and dance. He spent a hundred gold coins on it.

The next day Birbal entered Emperor Akbar’s darbar/court and announced that he had done all that the Emperor had asked his brother-in-law to do.

The Emperor Akbar waited to know how he had done it.

Birbal repeated the sequences of all the events and then said, “The money I gave to the merchant for the wedding of his son – you have got back while you are on this earth. The money I spent on buying food and clothing for the poor – you will get it in the other world. The money I spent on the musical concert – you will get neither here nor there.”

This is true even today. The money you spend on friends is returned or reciprocated in some form or the other. Money spent on charity gets converted into blessings from The Almighty which becomes your eternal property. Money spent on pleasures is just frittered away and in return you will be held responsible for wasting in the hereafter!

So when you spend your hard earned money be careful of it !!!

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