Budget for Making India GREAT AGAIN, Hunger & Poverty Free

January18, 2018 (C) Ravinder Singh progressindia2015@gmail.com

In another few years India shall be Number One in Populationand comparison will switch from China Most Populated Country vs India Second Most Populated Country to

India the Most Populated Country vs China Second Most Populated Country.

1.    INDIA CAN’T BE GREAT WITHOUT R&D and PATENTS: – When India granted 1115 Patents to resident Indians – China granted 1,770,431 Patents & Utility Patents in 2016. Most of 1115 Patents relate to PROCESS Patents which are not recognized in developed countries. India to Speedily GRANT regular patents within say 30 days after they are granted in USA, EU, Switzerland & Japan – Patent Treaty with these Developed Countries For Recognizing Patents Granted in Partner countries.

2.    25% of Bank Credit for ENGINEERS LED R&D Based Industrial Units to 100% in 5 Years – Companies Led by Professional CEO, CTO & CFO.

3.    REVIEW UNVIABLE PROJECTS: – India can’t be GREAT Investing in Unviable Projects, India may continue to lose for decades from these UNVIABLE Projects.

4.    CUT CREDIT to 9 FAMILIES BY HALF – DOUBLE CREDIT TO FARMERS & MSMEs: – Bank Credit to 9 Families & Personal Loans exceed 50% of Private Sector Lending. This doesn’t create JOBS, Lowest Value Additions whereas Farmers & MSMEs add over 30% to 80% Value Additions – 90% Jobs are Starved of Credit.  

 

5.    Minimum duration of Crop Loans should be 15 monthsand Food Processing Loans to Large Farms 60 months.Flour Mill, Oil-mill, Rice-Milling, Food Processing Units come up in 20-60 days.

 

6.    Lending Rates Operating Companies be 10%-14%, New Companies 6%-8% for 1st 5 Yrs.

 

7.    ROOFTOP & FARM SOLAR POWER: – International bids for SOLAR POWER Has declined to Rs.1 Per Unit – Off Grid Rooftop Solar shall minimize Thermal Power Use – Avoid Investing in Power Plants, Transmission Lines & Distribution. Grid Connected Farm Solar to similarly benefit States and Minimizing Rural Feeder Losses.

 

8.    LNG FOR COASTAL STATES – CNG FOR NORTH & CENTRAL INDIA. IMPORT FERTILIZER AT 50% COST – SUPPLY CNG TO INDUSTRIES.

 

9.    SUPPORT & INTEGRATE PUBLIC TRANSPORT – SAVE PETROLEUM, CLEAN AIR.

 

10.          INVEST IN INDIA PROGRAM to ATTRACT $50b EVERY YEAR INTO HOUSING & INDUSTRY – ALLOW INDIAN PROFESSIONALS TO INVEST UPTO $5 MILLION IN FOREIGN PROJECTS. India already has over 1m Housing Units STUCK in Crisis, 10m Units Unoccupied & Need Redevelopment – FDI shall revive Housing Sector & greatly add to GDP & Job Growth.

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Global R&D Spend is $1000b but in this Indian Contribution is barely $15b. All top 10 PCT Filings except IIT are mainly for Chemical or Pharma or Biotech sector – India grants mainly PROCESS PATENTS which are not of Importance – So Indian R&D is Wasted effort. Rs.5 Lakh includes R&D and Patent filing by Non Resident Indians.

Here in the latest update by WIPO Stats – Indians filed 25,795 [1,257,202] Patents in the World in 2016, out of this 13,199 [1,204,981] were filed in India but Resident Indians were granted 1,115 [302,136] Patents only. Figures in brackets are for CHINA that also granted 1,468,295 Utility Model Patents which are Quick & Cheap.

India 1,115 Patents – China 1,761,000 Patents + UM Patents

http://www.wipo.int/ipstats/en/statistics/country_profile/profile.jsp?code=IN – http://www.wipo.int/ipstats/en/statistics/country_profile/profile.jsp?code=CN

Country

Patents Filed

Resident P. Grants

Patents Enforce

Utility M. Patents

India

25,795

1,115

49,575

0000

China

1,257,202

302,136

1,774,402

1,468,295

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Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

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