April15, 2017 (C) Ravinder Singh progressindia2015@gmail.com
When Money Supply growth is just about 30.7% Rs.30,00,000 Cr in 3 years – ought to be 50%-60% in three years or Rs.50,00,000 Cr but even in this meagre Money Supply Bank Credits growth is just Rs.11,20,000 Cr or 37% of actual Money Supply and even in this almost half of the Credit flow goes as Personal Loans – Three main sectors Agriculture, Services, and Industry get just Rs.6,14,600 Cr or $100b.
When Indian GDP is about $2,000b – $30b a year or 1.5% of GDP is a fraction of Inflation – Credit to main Sectors is Pathetic – even more shocking Industry got just $12b in three year.
https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=16843 – https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=31332
Sector wise Credit growth 2014-2017 – figures in Rs.100 Cr
Item |
Feb17, 2017 |
Mar21, 2014 |
Growth |
% Growth |
Gross Credit |
67,75,400 |
56,57,200 |
11,18,200 |
19.8% |
Agriculture & Allied |
9,33,000 |
6,69,400 |
2,63,600 |
39.4% |
Industry |
26,01,400 |
25,22,900 |
78,500 |
3.1% |
Services |
16,12,000 |
13,37,000 |
2,75,000 |
20.6% |
Personal Loans |
15,40,300 |
10,36,700 |
5,03,600 |
48.6% |
None of the projects taken up by Gadkari, Goyal, Jaitley, Prabhu, Prasad, Bharti & Sitaraman is Commercially viable or Feasible.
Compared to 2014
Ø Agriculture is Stagnant, Farmers Stressed,
Ø Water sector completely down,
Ø Industry, IPR Negative or No Progress except Automobile,
Ø Exports are NEGATIVE,
Ø Railways traffic growth is negative,
Ø Real estate stagnant,
Ø Power companies are down,
Ø Telecom sector cut throat business.
Ø Banks NPAs are shooting Up,
Ø Wages & Income of Indians stagnant or negative.
Ø No Jobs, Healthcare & Trade STRESSED.
Ø Bank Credits Down to 3 Generation Low.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects