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Farmers Contribute 2X to GDP than All Bania Industries – Exclusive (C)

 from Ravinder Singh included below]

Farmers Contribute 2X to GDP than All Bania Industries – Exclusive (C)

 

Dear Members of Parliament,

 

Can you believe India contributes 57 Forbes $Billionaires to the world and more unofficially (there may be hundreds with $b in Swiss Accounts) but their contribution to our manufacturing GDP is barely $100b less than 1% of the world that too assisted by foreign collaborations and technologies – yet most of their Manufactured Products are not of suitable Quality for International Markets and they have not added to manufacturing jobs for decades and GOI allowed them around $100b annually in Tax Concessions? For this Bania Corporate had secured over $500b funds from various sources in India alone but invested $300b approximately in foreign countries and India imports of manufactured goods exceed 1000b by 2020 – we can't build industrial capability overnight that ought to have been made in India.  

 

http://en.wikipedia.org/wiki/List_of_Indians_by_net_worth

'India currently has 55 "US dollar billionaires" after United States, China and Russia whose (individuals with a total net worth of one billion dollars and above), accounts for roughly 4.5% of the global total of 1210 billionaires across the six continents.' List has 57 names.

 

Loot and exploitation in India are such that Registered Indian Manufacturing Large Private Companies contribute just $100b to Indian economy though India has scores of Richest Indians in the World. As per latest data available Rs.1034149 crores or just $200b and as definition of GDP includes contributions by Foreign Companies, PSUs and manufacturing includes MSMEs, thus Bania Corporate contributes just $100b or 12% to Indian GDP – GOI has allowed Bania Corporate almost 40% to 50% of direct bank credit, Banks had taken equity in them, besides securing public and FDI.

 

Indian farmers contributes Rs.1386882 crores twice more but get just 8% of the Indian Bank Credits compared to Corporate getting at least 10 times more as Direct Credits and Banks, FDI and Public Investments.

 

REMEDY: -

 

1. India should immediately 'Double' Bank Credits to Farmers, MSMEs and Agro Industries and Agro Industries be reserved for Farmers. This shall Double Earnings of 800m Farmers and 60m MSMEs employees.

 

2. Every industry and PSU having over Rs.5 crore ($1m) annual sales or budget must have R&D units and employ 10% to 25% staff in R&D and GOI to suitably Promote & Compensate Them in Creating Patents and IPR.

 

3. 50% of the Bank Credits to be allowed to R&D based industries That Are Export Oriented or Import Substitutes.

 

4.  GOI to Promote NRIs and Foreign Companies investing in latest Manufacturing Products & Technologies and R&D ventures in India.

5. GOI has to rethink on Promoting Companies who merely assemble Imported Components or simplyPut their stickers on imported products or Produce Goods Not Conforming to U/L, BIS Standards orHave No Quality Control and R&D facilities.

 

6. All Registered Companies to give Declaration As Affidavits of with annual reports i) Statement of Value Additions by Company, ii) Statement of Outstanding Bank Credits from all Sources and Loans to other entities and iii) Tax Concessions secured and outstanding taxes.

 

Thank you,

 

Ravinder Singh

Inventor & Consultant

Progressindia008@yahoo.com

January08, 2012

 

Annexures: - 

 

http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13594

It horrifying to see Corporate in West Bengal bigger in population than Germany Manufacturing Contributes barely $2.5b under Registered Manufacturing units that includes MSMEs and Foreign Companies. Figures for Bihar are even more pathetic just $200m – may be largely due to PSUs like Refineries or Railway Units. Gujarat's contribution to Indian GDP at Rs. 63,832 crores out of Rs.370400 crores SGDP that also includes Foreign Investments and MSMEs.

 

Definition of GDP

 

'GDP is product produced within a country's borders; GNP is product produced by enterprises owned by a country's citizens. The two would be the same if all of the productive enterprises in a country were owned by its own citizens, and those citizens did not own productive enterprises in any other countries. In practice, however, foreign ownership makes GDP and GNP non-identical. Production within a country's borders, but by an enterprise owned by somebody outside the country, counts as part of its GDP but not its GNP; on the other hand, production by an enterprise located outside the country, but owned by one of its citizens, counts as part of its GNP but not its GDP.'

 

India GDP Components

http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13590

AAAA - Agriculture And Allied Activities,

Rs. Crores at Current Prices

 

AAAA

Industry

(Manufac)

Services

 

1

3

7

11

15

GDP

1951-52

5245

1283

1171

3431

10721

2009-10

1004594

1169376

931101

3694362

6550271

2010-11

1386882

1328887

1034149

4591221

7875627

 

 

States Manufacturing GDP and Compositions

 

http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13594

http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13592

Manufacturing GDP at Current Prices

in Rs. Crores for Year 2009-10

 

7

8

9

SGDP

State

Registered

Unregistered

7+8

2009-10

AP

25238

11536

36775

426816

Bihar

960

4845

5806

154503

Chhatisgarh

17397

1800

19198

93245

Goa

4469

876

5345

22283

Gujarat

63832

20822

84654

370400

Haryana

20205

9168

29373

195762

Himachal

2412

801

3214

35593

J&K

1091

1551

2642

35187

Jharkhand

21164

5014

26179

94814

Karnataka

36112

9972

46084

296720

Kerala

7459

9998

17457

202487

MP

13987

7869

21856

192333

Maharashtra

119723

43207

162930

817891

Orissa

10247

2982

13230

134242

Punjab

17791

11957

29748

177179

Rajasthan

14288

12188

26476

226710

Tamilnadu

42018

25695

67714

417716

UP

27511

25349

52861

453020

Uttarkhand

9328

1597

10926

54435

W. Bengal

13333

16803

30136

366318

Puducherry

2456

527

2984

9472

 

Forbes Indian Billionares March2011

 

Forbes list of Indian billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine on March 10, 2011

http://www.forbes.com/wealth/billionaires#p_5_s_arank_-1__66

http://en.wikipedia.org/wiki/List_of_Indians_by_net_worth

Rank

Name

Net worth $b

Industry

1

Lakshmi Mittal

31.10

Steel

2

Mukesh Ambani

27.00

Diversified

3

Azim Premji

16.80

Diversified

4

Ravi Ruia

15.80

Diversified

5

Savitri Jindal & family

13.20

Diversified

6

Gautam Adani

10

Diversified

7

Kumar Mangalam Birla

9.2

Diversified

8

Anil Ambani

8.80

Diversified

9

Sunil Mittal & family

8.30

Diversified

10

Adi Godrej & family

7.30

Diversified

11

Kushal Pal Singh

7.30

Real Estate

 

--- Continued next page

Continued from previous page ---

 

Rank

Name

Net worth $b

Industry

12

Anil Agarwal

6.40

Mining & Metals

13

Dilip Shanghvi

6.10

Pharmaceuticals

14

Shiv Nadar

5.60

C. electronics, IT

15

Shivinder Sinh +

4.10

Pharmaceuticals

16

Kalanidhi Maran

3.50

Media

17

Uday Kotak

3.20

Finance

18

Micky Jagtiani

3.00

Retail

19

Subhash Chandra Goel + 

2.90

Media

20

Pankaj Patel

2.60

Pharmaceuticals

21

Indu Jain

2.60

Media

22

G.M. Rao

2.60

Infrastructure

23

Cyrus Poonawalla

2.30

Pharma, Biotech

24

Rajan Raheja & family

2.20

Diversified

25

Desh Bandhu Gupta

2.10

Pharmaceuticals

26

N.R. Narayana Murthy +

2.00

IT & Outsourcing

27

Gautam Thapar

2.00

Diversified

28

Sudhir & Samir Mehta

2.00

Diversified

29

Aloke Lohia

2.00

Chemicals

30

Venugopal Dhoot

1.90

Diversified

31

Chandru Raheja

1.90

Retailing

32

Nandan Nilekani +

1.80

IT & Outsourcing

33

Ajay Kalsi

1.70

Oil

34

Rahul Bajaj

1.60

Motorcycles

35

S. Gopalakrishnan +

1.60

IT & Outsourcing

36

Brijmohan Lall Munjal

1.50

Automotive

37

Kallam Anji Reddy

1.50

Pharmaceuticals

38

Vijay Mallya

1.40

Diversified

39

Ajay Piramal

1.40

Pharmaceuticals

40

Baba Kalyani

1.30

Metals

41

R. P. Goenka

1.30

Diversified

42

Rakesh Jhunjhunwala

1.20

Investments

43

K. Dinesh & family

1.20

IT & Outsourcing

44

Rakesh Jhunjhunwala

1.20

Investment

45

Brij Bhushan Singal

1.20

Investment

46

Yusuf Hamied & family

1.10

Pharmaceuticals

47

S.D. Shibulal

1.10

IT & Outsourcing

48

BK Modi

1.10

Diversified

49

Mangal Prabhat Lodha

1.10

Real Estate

50

Ramesh Chandra

1.00

Real Estate

51

Kapil & Rahul Bhatia

1.00

Diversified

52

Ashwin Dani

1.00

Decorative Paints

53

Harindarpal Singh Banga

1.4

Commodities

54

Mofatraj P. Munot

1.40

Infrastr, Power

55

Murugappa Family

1.2

Commodities

56

Brij Bhushan Singal

1.1

Commodities

57

Rajesh Mehta

1.0

Commodities

 

__._,_.___

Attachment(s) from Ravinder Singh

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