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Friday, 20 January 2012

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

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 $300b already likely to exceed $1000b by 2020 – we can’t build industrial capability overnight that ought to have been made in India.   

‘India currently has 55 "US dollar billionaires" after United States, Chinaand 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 assembleImported Components or simply Put their stickers on imported products or Produce Goods Not Conforming to U/L, BIS Standards or Have 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
January08, 2012

Annexures: - 

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
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

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
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

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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