Industrialists have played a vital role in shaping our economy and communities. Towns like Tatanagar and Modinagar are perfect examples of how their influence extends beyond business. Unlike some politicians who may only impact their local areas, industrial leaders often create changes that are felt on a national or even global level. Their work benefits various groups—shareholders, employees, vendors, and customers alike.
But there’s an interesting gap when it comes to awards like the Bharat Ratna. Since its start in 1954, this prestigious honor has been given mostly to figures from arts, science, and public service. Only JRD Tata represents industry among the 53 awardees as of 2024. Even when the award was broadened in 2011 to include more fields, industrialists have remained underrepresented.
Why is this the case? One theory suggests that it’s linked to political considerations. Awarding political figures might lead to electoral gains, but industrialists don’t have that same advantage. Historically, the only major figure connected to corporate India who received the Bharat Ratna was Sir M. Visvesvaraya in 1955.
Interestingly, the award has also been given to well-known international figures, like Mother Teresa and Nelson Mandela, which raises questions about criteria and recognition.
The selection process for the Bharat Ratna is relatively straightforward. Recommendations can be made to the Prime Minister’s Office, but the final choice lies with the Prime Minister, who then seeks approval from the President. In 2024, a record five individuals received the honor, though most were awarded posthumously.
In comparison, the Padma Vibhushan, India’s second-highest civilian award, has been more inclusive of business leaders. Ratan Tata, N R Narayana Murthy, Azim Premji, and Dhirubhai Ambani have all been recognized with this honor, which suggests that contributions from the corporate world are valued, albeit in a different way.
As public discussions continue around the value of industrialists and their contributions to society, many voices are calling for a shift in recognition. Social media trends show a growing sentiment that leaders in business should be celebrated alongside politicians. In today’s world, where industry plays a crucial role in shaping our lives, perhaps it’s time to rethink who we honor.
For more on the Bharat Ratna and its significance, check out this Government of India resource.
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