December13, 2014 (C) Ravinder Singh ravinderinvent@gmail.com
Indian Economists are so DULL GRADE & Confused that they don’t even
learn from Global Experiences, in Emphasizing MADE FOR INDIA without
support of IPR and FDI still wants Open Economy, Low Taxes on Imports
in some other lines, Don’t Want Subsidies to SMEs but Don’t CUT
Subsidies to Big Companies, Don’t Want to Collect Taxes & Recover
Outstanding Credits & Middlemen Free INDIA.
Three Himalayan Omissions from India Economic Agenda are - 1.
Promoting IPR Based Companies Serving World Market, 2. Export led
Growth, 3. Absence or Neglect of Manufacturing and Weak Push for FDI
in Manufacturing.
It is horrifying first at IGNORANCE of RBI Governors, that in of $76
trillion World GDP and Foreign Trade of Goods alone is $38 trillion
[IPR & Services Addition] – Yet Raghuram Rajan was absolutely
shocking in persistently Opposing all Three.
91% of EU Exports are IPR based indicates importance of Patents,
Trademarks & Design. India is totally neglecting IPR. World IPR value
alone is $20 Trillion approx.
Service component World GDP exceed 64% or Nearly $50 trillion. India
has no program to serve Global Services Market other than BPO.
Composition of US GDP Gross World Product
In $ Trillions
2013 74.90
2012 71.83
2010 62.22
2005 43.07
2000 41.01
Global Wealth Data Book 2014
Wealth 2000 Wealth 2014 Median 2000 Median 2014 Growth Percent
China $ 4,664b/ 4% $21,404b/8.1% $2703 $7033 $4330 160%
India $1,163b/ 1% $3,604b/ 1.4% $588 $1006 $418 71%
World $117t $263.2t $1740 $3641 $1901 109%
When India could manage to increase Global Wealth Share by 0.4%, China
in comparison captured 4.1% or Ten Fold in 2000-2014 period, similarly
Median Income Per Adult growth was $418 for India against $4330 for
China and $1901 for World Average. Since there is 30% growth in
population real gains are just 0.1% in 14 yrs.
China’s Median Wealth Growth was 133% more than World average Growth
but India 80% Less. INDIA IS ACTUALLY LAGGING BEHIND THE WORLD.
Wiseman Always Learn From Others Successes & Own Failures
But Unwise Don’t Learn At All, Have No Idea of What They Want.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power,
Transportation,
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