Ease of Biz


Ease of Doing Biz is No Biz – Credit to Services & Persons  

Noveber02, 2018 (C) Ravinder Singh ravindersinvent@gmail.com

On the front page carried story of Ease of Doing Business rank and inside story of Credit Soars to Rs.2 Lakh in September when it was only Rs.8.1 lakh crores in 12 months on YOY basis Sep17 to Sep18. This is Rs.67,500 Cr Per Month average over 12 month.

In the las 12 months Industry and Agriculture together got just Rs.1,18,500 cr – This is not even Rs.10,000 Cr per month or $1.5b per month in a country of 1.35b people or $1.1 per capita per month.

$20b Credit to Industry & Agriculture in a year is not even 1% of India GDP.


Out of Rs.8.1 Lakh crores – Credit to Industry and Agriculture which contributes to Highest Value Additions was Industries Rs.61,200 Cr or 2.3% Rs.57,300 Cr or 5.8% growth and which DIDN’T Even Compensate for INCREASED INPUTS Due to High Petroleum Prices.

When we talk of EASE OF DOING BUSINESS it actually means No Business.

Services received maximum CREDIT – Rs.4,26,500 Cr more than half of it – 53% and in this NBFC received SUDDEN UNEXPECTED PUSH – Rs.1,60,500 Cr which substantially more than Industry & Agriculture together – ad 41.6% growth to NBFC also means Political Favors than priorities of the economy.

Personal Loans growth too was substantial Rs.2,65,300 Cr or 33%. Housing loans accounted for Rs.1,41,600 Cr – also more than Credit growth to Industry & Agriculture together.


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Published by Naresh Sagar

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