Parsi - Economy

Unlike the caste Hindus, Parsis have not been bound to Certain occupations or excluded from others by religious norms or taboos. This allowed them in the nineteenth century to adopt the modern professions that were emerging. The Parsis traditionally worked as entrepreneurs (ranging from the ownership of liquor shops to steel mills), in trade (especially with China), in finance (as bankers), or in government service. The modernization of Indian manufacturing and transportation owes much to individual Parsi wealth and genius. Families such as the Tatas, the Wadias, and the Petits were the owners of the largest private enterprises in the industrial economy of India. A decline in community wealth and Therefore entrepreneurial capital has siphoned off highly educated younger Parsis to seek their fortunes overseas in every profession.