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Barlam Halwai was called Munna, the White Tiger and Ashok Sharma throughout the novel. He is the protagonist and the narrator of this story. The protagonist writes about his life story in a letter for the Chinese official Premier Jiabao, with the goal of educating the premier about entrepreneurship in India. In the letter he talks about his journey to become a successful businessman.

Balram was born in the village of Laxmangarh, into a miserable life. He was so smart, however he was forced to leave school early to work in the tea shop of his grandmother. He was called the White Tiger, due to his intelligence. He learnt how to drive to become a chauffeur and later a successful businessman. The White Tiger was hired as a driver for Mr. Ashok, he created resentment against the upper classes, which impulse him to murder Mr. Ashok.

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Ashok is Balram's principal master, the Stork's son and the Mongoose's brother. Ashok was married to Pinky Madam, however she left him. He had recently returned from America. Ashok is also generally kind and gentle to those around him. Compared to the other wealthy people around him, Ashok demonstrates compassion for Balram and trusting him entirely. Balram feels a strong connection to his master, but after several months in his service finds out that Ashok is as cruel and selfish as his father and brother, so Balram decides to murder him.

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The school inspector recognizes Balram's intelligence and is surprised to find a talented boy in the middle of nowhere. He gives Balram the nickname "White Tiger." The inspector gave a scholarship to Barlam to study at a good school in Delhi, the capital of India. However, Barlam was not able to go to that school because he needed to stay working with his family.

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He is Balram’s father who dies of tuberculosis. During his life, he fights for Balram to be given an opportunity to finish his education and move up in the world. He was not the best parent, but he works extremely hard to provide food for his family.

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Pinky Madam is Ashok's wife, however she is never accepted by Ashok's family. She is demanding, capricious, and unsatisfied with life in India, because she wanted  to return to America. She leaves Ashok to return to New York.

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He is the Chinese Premier to whom Barlam addresses his letter and narrates his life story. Jiabao is a visiting Chinese official who expresses interest in learning about indian entrepreneurship.