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Topic : RIsk Takers Vs Risk avoiders
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Is indians by nature Risk Takers or Risk avoiders

Created by : Gururaj Nigale, Manager, Strategic Outsourcing Pvt. Ltd  | 08 17 2010 12:32:27 +0000
Keywords : innovation success risk and being role models
Activity:  637 views;  last activity : 01 28 2011 04:56:57 +0000

I am scared we are wasting pool of talents in india. We are not creating any space where there is risk involved. we are in the dark side where still scared to take the risk where results are guaranteed. Why so, if we have achieve more and want to live in developed country then we must take some risk.

  
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Risk Takers Vs Risk Avoiders
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Top Argument
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Indians are risk takers. From ancient times they have gone to far east and west in search of job, venture or business. Even Mahatma Gandhi gone to South Africa to deal with people and take risk in some other country. Even now people of Indian origin are working or doing business in all over world. We are hard working can deal with any type of people. A lot of people like Laxmi Mittal, Swaraj Paul, Anil Agrawal, Tatas, Ambani etc. are doing business at world level. They are Indians and dealing with different type of people, situations, problems, races, and areas.
By Sanjay Tiwari, Manager Accounts and Stores, Hindustan Everest Tools LImited  08 28 2010 06:07:59 +0000
 
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Indians are known for avoiding risk not because they do not have experience or knowledge but because to play safe since most of them are from middle class family. They do not want to take risk because of their nominal income.
By Arun Kumar K, Security/ Equity Research Analyst, Thomson Reuters  08 25 2010 02:51:38 +0000
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not at all depend on nature of person but 90 % risk taker for make their carrier
By bharat , Legal Consultant/Solicitor, bharatkumar lawyer  | 01 28 2011 04:56:57 +0000
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If Indians are risk takers, our nation will be at the top most in the world..
By Hanz Abdul, Business Development Manager, Starsoft IT Solutions  | 01 28 2011 04:47:13 +0000
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yes we are on birth risk taker show every one see kalpna chawala india to space
By bharat , Legal Consultant/Solicitor, bharatkumar lawyer  | 01 25 2011 04:11:45 +0000
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I totally agree with the concept of Mr. Murlidharaan. But I just want to say that yes Indians are Risk Takers. Because Indians are only helping & caring people. Indians takes risks, but now a days we cant find this due to our new gerenations.
By Revathy Venkitesh, Traffic Assistant, Global Aviation & Services Group  | 01 25 2011 04:02:04 +0000
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risk avoiders
By Jasmin Pawar, job seeker  | 01 25 2011 02:32:25 +0000
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Our Indians were solid in risk taking in the pre-independence era! Now, Nationalism has taken a backseat! Today's risk takers are those who have very strong business background, healthy financial back-up, political cover-up, family cover-up! Take risks to multiply the resources earned - only risk they take is to guard their secret of stashing money in Swiss Account, money-laundering without getting caught, support big political parties when called for, support them supply chartered planes to go wherever they want to take care of their business interests when curtains fall on them.
By S. Muralidharan, Head, Project Planning/Strategy, Knowledge Foundation  | 01 24 2011 05:20:43 +0000
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I completely agree with Mr.Sanjay Tiwari
By RAMU BANDAM, Associate, Previouse Company: ICICI Lombard General Insurance Company.  | 08 28 2010 13:41:16 +0000
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Indians are not risk averse. its only because of our readiness to take risk, we are performing well as a nation. But we are intelligent and know how to hedge our risk. Even if we take a list of successful personalities in the world, most of them are Indian origin or from Indian race. It is not easy to comment on this in comparison with any other nation. But Indians are not risk averse.
By Binoy Nanambath, PGDM, Siva Sivani Institute of Management  | 08 28 2010 06:05:02 +0000
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Since the majority of postings on this site is based on the Indian context, I prefer just to read and avoid making comments so as not to irritate members as I have done in the past. However, since there are many Indian businessmen in many parts of the world including my country who have successful businesses, then I have no choice but to add my two cents and support risk takers. For someone to leave their country to set up businesses in a foreign country he has to have guts to take such big risks.

Not only Indians have to be careful when taking risks in any projects, this should apply to every nation.


By Devi Kaladeen, Audit Manager, Health Sector Development Unit  | 08 28 2010 03:05:26 +0000
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Difficult to make generalized statement without proof...one needs to support the views with figures :) Good question for yes/no survey...try to post on some search engine/ different website eg. matrimonial, naukri, timesjobs , monster ..let us see what people think...it is just a suggestion
By Dr. Zoola Kapasi, Analytics and Quantitative Area, Market Research  | 08 27 2010 18:09:28 +0000
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Indians are basically risk avoiders. But peoples mindsets are changing. They are now following the mantra "No Risk No Gain" Life is all about taking risk, we carry risk along side everyday in our life. So if we need to succeed in life then we must taqke risk.
By B.Kiran kumar, Insurance Trainer, Bima Institute of Insurance  | 08 27 2010 10:44:09 +0000
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"HERE IS GODS PLANTY"This sentance given by Romantic poet Mr.John Done means in INDIA people had different mind as well different thinking but most of the people doesn't belive in risk taking only few people took the Risk.
By Shailendra Singh Kushwah, Branch Manager, Aspen Insurance Holdings  | 08 23 2010 06:45:38 +0000
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As with many of the topics here on this forum there is no black and white. Regarding Indians being risk-takers or avoiders, nationality might be just one of the sub-factors in culture that affects the propensity for risk taking. There might be other, and more significant, factors such as personality, past experiences, ability to take risks, etc. that would determine a person's risk-taking ability. So there is no need to deride ourselves as risk avoiders. 
By Azhar Kazmi, Professor, King Fahd University of Petroleum & Minerals  | 08 21 2010 03:45:53 +0000
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Mostly Indians are risk avoiders because they achieve upto some limit and then stop climbing up. But there are some exceptions also but most of us are afraid of experimenting and taking risk.
By Anindita C, Freelancer, Teaching/Education  | 01 27 2011 04:28:16 +0000
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I dont deny that Tata/ambani/paul/mittal are examples of risk takers but dont forget that fact that they are big business man.

I Feel , we need to talk about majority to reach in concrete direction than reacting in patriotism.  Lets think, whats the percentage of business class people in India Population out of educated and above poverty line people.

How many names you know like tata ... etc so ..

our core programming from childhood are generally make us a risk avoidable as parents teach us, dont do this/that/its not good/ who told you/ dont do it, etc so only very very few people follow their instincts and become Risk takers and gains high,  if majority was risk takers that Most of people may have been doing business than staying in jobs and illusion of security. 


By Abhishek Gupta, Director , Skills Factory  | 01 24 2011 05:08:17 +0000
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We Indians are risk avoider because from childhood our parents had taught us not to take risk instead they asked us to avoid it. Its our Indian nature we cant change it. May be in future we can expect our Indian to be risk takers. Lastly our Indians are risk takers only in one thing that is scam or corruption or bribe or scandal. Jai Hind.
By Sridevi Ranganaathan, IT Recruiter, HR LABZ  | 01 23 2011 01:18:26 +0000
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I am confident that most of us are Risk avoiders, and the reason behind is that we dont have any experience or no knowledge in the specific domain where risk involved.
By Gururaj Nigale, Manager, Strategic Outsourcing Pvt. Ltd  | 01 12 2011 13:02:12 +0000
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May be years ago we were Risk-Takers but today we surely do not want to take any sort of risk.We actually have to be concerned about us and the people associated with us which refrains us from taking any risk.
By Nisha Agarwal Agarwal, HR executive, Lanco  | 01 12 2011 11:13:39 +0000
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follows streetwalker
By JAGADEESAN S, Project Leader/Managing Consultant, Project Consultant  | 01 12 2011 07:50:16 +0000
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Indians are Risk-Avoiders. We believe in safe sides and investments. We act as a satisfied human being in the context. So not interested in risk involved activities. Although it is related to investment or education from institute.
By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 08 25 2010 19:06:59 +0000
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Majority are risk avoiders as they play safe as they care a lot for the persons dependent on them. They want to enjoy life and mostly are contented with wat they have. They think more of relations,human values and so hve a less appetite of taking risk
By GAURAV AGRAWAL, MAINTENANCE MANAGER, SANDEEP METAL CRAFT  | 08 25 2010 18:34:58 +0000
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Majority of us :rish avoider
By Zubair Irshad, Projects Manager, DIAR Consult  | 08 25 2010 08:23:31 +0000
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Not being judgemental whether we are by nature risk takers or avoiders I believe a lot depends on how the indian culture has developed over time. We were once a very rich economy and almost the trading hub of the world but thereafter we have been ruled by external rulers who have taken all the wealth out of India which made us people with little in hand and thats where we Indians have developed the high propensity to save as we have seen bad days and I believe we will become adventurous and risk takers once we become confident of our economic and social independence.
By Ravikant Rathore, Senior Manager, State Bank of India  | 08 24 2010 20:23:33 +0000
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Definately, Indians avoid taking risk due to the reason that they want to secure the life of upcoming generation and save around 75-80% of their income towards the same as per some articles I have read and this totally opposite in the case in abroad. "Taking risk might won't give you sucess but it always help in raising an idea."
By Nikhil Mrigwani, Client Servicing Executive, bounce communication and design pvt. ltd.  | 08 24 2010 09:01:34 +0000
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majority of Indians is not interested to take risk though some of Indians are ready to take high risk.
By Madhusekar.N , Accounts Manager, IHD Industries Pvt.Ltd.  | 08 19 2010 03:56:50 +0000
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To have a mindset for taking risk we should know our comfort levels to cushion the adverse impact. These levels are guided largely by the earning capacity and saving potential of the individual. Indians by and large have been used to the low saving potential over the last so many years. Hope fully things will change for the better with better standard of life and economic prosperity. Unitll then it is more relavant to say that Indians by nature are risk avoiders.
By Prem Kumar Kunnath, Chief Financial officer, Ithraa Capital  | 08 18 2010 11:59:36 +0000
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I completely agree with Gururaj......

Most of the Indians like playing safe without taking any risk. We are by nature risk avoiders. Unless everyone takes risk we cannot become a developed country ........

Think people !!!   
By Sanjana , Superintendent , Education department  | 08 18 2010 11:06:33 +0000
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