A still from the film Viceroy's House, depicting the last days of the British Raj (Bend It Films / Pathe / Gulf Film)
A still from the film Viceroy's House, depicting the last days of the British Raj (Bend It Films / Pathe / Gulf Film)
A still from the film Viceroy's House, depicting the last days of the British Raj (Bend It Films / Pathe / Gulf Film)
A still from the film Viceroy's House, depicting the last days of the British Raj (Bend It Films / Pathe / Gulf Film)

India has still not moved on from the British Raj


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Around the start of the 18th century, as the Mughal empire started to fragment across India and European countries began their interest in the continent, India's share of world GDP stood at 27 per cent. To put it another way, India then was as rich compared to the rest of the world as the United States is today.

Since then, the reversal has been stark. As the Indian politician and writer Shashi Tharoor has put it: “The British conquered one of the richest countries in the world and reduced it, after over two centuries of looting and exploitation, to one of the poorest, most diseased and most illiterate countries by 1947.”

This colossal change was a catastrophe for India, but, as Tharoor explores in his book about the British Raj, Inglorious Empire, it is one that the British, and even Indians themselves, have largely forgotten. Decades after colonialism ended, India still has to come to terms with what happened. Indeed, far from ending in 1947 with independence, India's journey away from British occupation has barely begun.

The effects of colonialism do not end when the last troops depart. They linger like a disease, festering in the body politic and in the minds of the formerly oppressed.

Everywhere where one power imposed itself on another population – in India, in Africa, in the Arab world, in post-Soviet Europe – that population has retained a relationship with the former colonial powers. That relationship is often based on consent – the formerly oppressed still strongly desire a relationship.

This relationship can be hard to explain in the abstract. India, therefore, provides an example, but it is an example with wide applicability. The relationship between India and Britain is analogous in many ways to the relationship between Algeria and France, Indonesia and the Netherlands, Nigeria and (again) Britain and too many others.

At the heart of this relationship is a view of the self, a view of the country that has been constructed during the colonial period. It is a colonisation of the mind, a belief that the habits, society, literature and lifestyle of the colonisers is somehow superior.

Colonialism is always accompanied by a narrative of duty or deliverance from darkness, the mission civilisatrice. With the Raj, this was the idea that the British were helping India. As Tharoor points out, everything that Britain did in India – the railways, the justice system, the English language – was done for the benefit of Britain. Any benefit to India was incidental.

But this narrative of deliverance can be extremely powerful. It manifests itself in a thousand ways: the preference for lighter skin in India; the preference for English and French in the Arab world; the preference for western literature in Africa.

Even the history of the country itself is distorted. “What would India be today without the British?” is a common question. The idea is that, without British rule, the country would not be united or educated or modern. But this ignores the fact that 200 years have passed since the British entry into India – in that time, India's rulers would surely have enacted policies of their own, perhaps worse than the British, but perhaps much better.

This is where the narrative of deliverance overlaps with that other staple of Orientalist thought, the “eternal East”, the belief that non-western civilisations are forever preserved in aspic. One can often hear that criticism, even today, about Muslim societies. But the India of the 1700s would not have been the India of the 2000s. Just as Europe progressed, so would India.

Disentangling these strands of thinking for the formerly colonised is complicated. It isn't enough to simply reject everything that colonialism brought. Parsing what was a genuine effect of colonialism and what was simply part of the times (many countries laid down railways over that period); what was a foreign imposition from what was the natural result of contact, can be hard or even impossible.

That is why there is such a preference in India for nationalist ideas. The belief in some “pure” past, untainted by the effects of time and other cultures, is very seductive. The same thrust to the past is evident in Islamic societies, where there are intellectual threads that want to return to a supposed golden age.

But removing the remnants of colonialism – the “germs of rot”, as the post-colonial theorist Frantz Fanon called them – is not the same as jettisoning three centuries of culture and ideas. Yes, society must be re-evaluated, and that re-evaluation must encompass all aspects of the society, just as colonialism did.

But such a re-evaluation is also a normal aspect of societies. Post-colonial countries don't need to constantly re-evaluate their societies in order to get back to a period before they were colonised. They need to do so because that constant process of re-evaluation and change is how societies progress.

So much of the post-colonial experience is the imitating of or seeking affirmation from former oppressors. But countries that are genuinely independent don't need to imitate: they can create a new, evolving identity from their own past. A future that incorporates both the best moments of their history – and the worst.

falyafai@thenational.ae

On Twitter: @FaisalAlYafai

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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.”

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Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

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Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”