Predicting Muslim uprising in India ignores reality and history


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Few issues in India are discussed as fervently as the relationship between Hindus and Muslims. And seldom does the debate become as intense as during the time of elections, when politics of dividing people on religious lines is seen at its best. So when you hear about the ominous signs of a "Muslim Spring" that might turn the country and the region upside down, take it with a pinch of salt.

The suggestion, which I came across recently, nonetheless compelled me to look back at the society I come from. I grew up in a place and community where human relations eclipse any religious or cultural considerations. The only occasions when we were reminded of our respective faiths were pleasant ones – during religious ceremonies. What better way to celebrate unity in a culturally diverse nation?

My sentiments do not necessarily reflect occasional realities in India. Incidents of communal violence do hit headlines, the most prominent being the one that folllowed the demolition of the Babri Mosque in Ayodhya in 1992 and the Gujarat riots in 2002, when thousands of innocent people lost their lives, and scores were rendered homeless.

There have been others before and after, but these two events proved to be the most damaging ones, marking some of the darkest chapters in the history of post-independence India.

But these events failed to bring an iota of change in individual equations and perceptions in most parts of the country, including my native state of West Bengal. The reason is this: if Indians have time and again fought bitterly among themselves, they also have shown a remarkable ability to forgive and forget, keep divisive forces – such as the Rashtriya Swyamsevak Sangh, Vishwa Hindu Parishad and Bajrang Dal – at bay and successfully restrain them from tearing apart the social fabric.

It could be true that an insignificant minority of the population nurtures the belief that Hindus regard their Muslim counterparts to be inferior to them. There are also reasons to believe that on a few occasions, attacks and clashes have been wrongly blamed on foreign terrorist groups. Yet, it’s hard to imagine the country in the grip of such a bitter “spring”.

If conflicting social and political elements obscure the real picture, statistics might help to show it in a clear light. The second most populous country in the world with more than 1.2 billion people, India is home to over 2,000 ethnic groups. According to official figures, more than 1,600 languages are spoken in the country, of which an estimated 850 are in daily use. There are eight major religions, Hinduism and Islam being predominant. It’s a country dotted with temples, mosques, pagodas and Gurudwaras.

If these sheer numbers and facts aren’t enough to make one surmise, consider how rarely do communal clashes take place, how seldom communities fight to establish their dominance and how frequently people across faiths and cultures come together to celebrate events or protect each other’s interests as well as those of the nation in times of crisis.

Even though India has been beset by many social and political evils, its foundation, steeped in thousands of years of rich cultural history, is strong enough to resist the entire structure from caving in under the pressure of narrow religious and political sentiments, which could create a space for a Muslim Spring to blossom.

What poses a real danger to integration, though, is a growing sense of regionalism and linguistic communalism, which is no less formidable a force than religious communalism, as it has a tendency to multiply with every division.

This may not culminate in an immediate catastrophe like a Muslim Spring, but if left to continue unabated, this would surely make India’s much-cherished slogan, “unity in diversity”, sound hollow and meaningless.

smukherjee@thenational.ae

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Man of the match: Andrew Robertson (Liverpool)

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More than 2.2 million Indian tourists arrived in UAE in 2023
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Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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* Daniel Ricciardo qualified fifth but had a three-place grid penalty for speeding in red flag conditions during practice

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

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Conservative MPs who have publicly revealed sending letters of no confidence
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COMPANY PROFILE

Company name: SimpliFi

Started: August 2021

Founder: Ali Sattar

Based: UAE

Industry: Finance, technology

Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC