August03, 2017 (C) Ravinder Singh firstname.lastname@example.org
India was already Number 1 in world’s biggest ‘Cottage Industry Producing & Rearing Children’ – since 1967 to 2011, India produced 699m people to Chin 619m only.
India has more people than any other country in the world today.
This is another matter India doesn’t Excel in Any Economic Development –
Ø Worst in creating Intellectual Property per capita.
Ø India had the unique advantage of Learning from US & UK Patent Filings but didn’t.
Ø India continues to have FEUDAL Economy – Moneylenders-Middlemen rule economy.
Ø 40% of Indian Economy is Unregistered and Black Economy.
Ø Only 10% MSMEs in India is supported by Banking Institutions.
Ø GOI promoting Corporate India – 99% Economy starved of funds.
Ø No Privacy & Protection for MSMEs, CBI, IT, ED, Raid Culture.
NDA-I Promoted ‘Black Money Laundering’ 1998-2004
1. Unban Land Ceiling, 2. Abolished Wealth Tax,
3. Opened FDI through Zero Tax Mauritius & Panama registered companies,
4. Legalized ‘SHELL COMPANIES’ ‘Subsidiaries’, Repealed FERA.
5. Introduced DERIVATIVE TRADING in stocks and COMMODITIES,
6. Repealed FERA around 2000 – MADE IT EASY TO LAUNDER MONEY IN TO SHELL ACCOUNTS ALL OVER THE WORLD WHICH ARE DIFFICULT TO TRACK.
NDA-II Introduced Thanedari Economics – Raids Culture,
1. Demonetisation, 2. GST, 3. Digitization of All Transactions, 4. Reducing
Interest Rates Frequently to Benefit Non Performing LARGE Companies, 5, that didn’t Create Jobs but Minimized Dues to Banks, 6. Frequent Raids Largely Politically Motivated, 7. Centralized Control of Taxation, 8. Funding CORRUPTED Projects like Expressways, Bullet Trains, Solar Parks, Long Distance Power Transmission, 9. Only 4 States out of 29 get 70% Central Funds, 10. All Have Pulled Down Economy.
Worst affected sectors are –
(A) Real Estate, Construction, Declining Home Sales, (B) Agriculture, (C) Water, (D) MSMEs, (E) Foreign Trade, (F) Banking, (G) Telecom & IT, (H) Mining & Metals, (I) Health & Education – Exceptions are – Airlines & Auto
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857