ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Myth and Reality

This is not to dishonour the memory of a person who has recently expired, but to put in perspective the true business achievements and ethical standards of a particular group – the RPG group – and give a balanced view.

Most of the “native” empires of Kolkata were built upon three pillars – collaboration with foreign imperialists, questionable levels of tax compliance and ethics, and ability to sense and profit from scarcity and oligopolistic opportunities. But, without doubt, one has to acknowledge the enterprise and risk-taking ability of these groups. The big break came after the first world war, when the British Empire was losing its imperious power and British entrepreneurs were not any more effective or interested in India.

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