Montek Was Disaster – Panagariya Would Be TRAGEDY
January03, 2015 (C) Ravinder Singh ravinderinvent@gmail.com
The very idea of appointing an Economist, which I rate as worse than
JUNK grade and Extreme Idiots, as head of yet to be constituted newer
version of Planning Commission with membership of states similar to
National Development Council that never achieved anything but was
another Political Battleground to embarrass the Government in power –
each state having its own agenda - all Politically Motivated and
Corporate Driven.
Dullards because they Failed to Promote IPR, Multi-Purpose Hydro Power
& Energy Efficiency, Promoted Corrupted Solar Power etc.
Planning Commission ought to be ‘Strategic Think Tank of Inventors’
who could Foresee EVOLUTION of Technologies, FRAME Suitable Policies
to Fit in Development Goals of India and its States.
An Average Chartered Account Could Better Distribute Central Taxes
Than Montek or now Panagariya led Planning Commissions.
India accounts for just 1.4% of World’s wealth 2014 up from 1% in 2000
and in this around 0.3% is due to Population Growths – so real gain in
14 years is barely 0.1% over world average. Median Wealth gain was
$418 to $1901 World Average.
Had India MANAGED Economy well India Would Have Been $10,000b Economy
by today compared to $1827b – Exchange Collapse from around Rs.6 in
1970s to Rs.63 today indicates SHARP DECLINE IN INDIAN
COMPETITIVENESS.
Planning Commission + National Development Council = Niti Aayog
Manmohan Singh as Prime Minister ensured Fair Distribution of Central
Taxes among states with poorer getting more ensured Fastest Growth of
Economy in recent history but in most other critical department ‘Bank
Credit’ distribution went out of Control.
Firstly Companies CORRUPTED banks in to Funding over 100% of
Infrastructure Projects – when ought to have limited to 30%, Second
Corporate NEVER paid back loans taken and Third wide variations in
Loan Disbursement Fourth Moneylenders Largely Funded Micro & Small
Industry & Business than Banks Fifth Banks didn’t support SMART R&D
Companies with Global Outlook hence Progress of Economy was gradually
Stalled.
Here in the chart 50% of Housing Loans were sanctioned in just three
states – it is Puzzle How Delhi which accounts for 30% to 40% of
Housing Units in India was sanctioned just 2% of Housing Accounts.
Indian Industry was basically reduced to Sticker Fixing operations –
imported goods were relabeled and packaged under Indian Brands.
In Conclusion – It is Certain ‘Panagariya Has No Idea of Indian Economy.’
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
January03, 2015 (C) Ravinder Singh ravinderinvent@gmail.com
The very idea of appointing an Economist, which I rate as worse than
JUNK grade and Extreme Idiots, as head of yet to be constituted newer
version of Planning Commission with membership of states similar to
National Development Council that never achieved anything but was
another Political Battleground to embarrass the Government in power –
each state having its own agenda - all Politically Motivated and
Corporate Driven.
Dullards because they Failed to Promote IPR, Multi-Purpose Hydro Power
& Energy Efficiency, Promoted Corrupted Solar Power etc.
Planning Commission ought to be ‘Strategic Think Tank of Inventors’
who could Foresee EVOLUTION of Technologies, FRAME Suitable Policies
to Fit in Development Goals of India and its States.
An Average Chartered Account Could Better Distribute Central Taxes
Than Montek or now Panagariya led Planning Commissions.
India accounts for just 1.4% of World’s wealth 2014 up from 1% in 2000
and in this around 0.3% is due to Population Growths – so real gain in
14 years is barely 0.1% over world average. Median Wealth gain was
$418 to $1901 World Average.
Had India MANAGED Economy well India Would Have Been $10,000b Economy
by today compared to $1827b – Exchange Collapse from around Rs.6 in
1970s to Rs.63 today indicates SHARP DECLINE IN INDIAN
COMPETITIVENESS.
Planning Commission + National Development Council = Niti Aayog
Manmohan Singh as Prime Minister ensured Fair Distribution of Central
Taxes among states with poorer getting more ensured Fastest Growth of
Economy in recent history but in most other critical department ‘Bank
Credit’ distribution went out of Control.
Firstly Companies CORRUPTED banks in to Funding over 100% of
Infrastructure Projects – when ought to have limited to 30%, Second
Corporate NEVER paid back loans taken and Third wide variations in
Loan Disbursement Fourth Moneylenders Largely Funded Micro & Small
Industry & Business than Banks Fifth Banks didn’t support SMART R&D
Companies with Global Outlook hence Progress of Economy was gradually
Stalled.
Here in the chart 50% of Housing Loans were sanctioned in just three
states – it is Puzzle How Delhi which accounts for 30% to 40% of
Housing Units in India was sanctioned just 2% of Housing Accounts.
Indian Industry was basically reduced to Sticker Fixing operations –
imported goods were relabeled and packaged under Indian Brands.
In Conclusion – It is Certain ‘Panagariya Has No Idea of Indian Economy.’
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
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