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 1 of 1 File(s)  Farmers Contribute 2X to GDP than All Bania Industries – Exclusive (C).doc