Raghuram Pathetic, ‘India Manufacturing in ICU’ 8% of GDP

December13, 2014 (C) Ravinder Singh ravinderinvent@gmail.com

Ever since Dubiously Qualified Raghuram Rajan who has all the degrees
but not worked in any Factory or Bank or Management Consultancy -
Indian or Foreign was engaged by Dr. Manmohan Singh in 2008, India
Industry is in down slide.

‘The capital goods sector, which is a barometer of industrial
activity, fell 2.3% year-on-year in October while consumer durables
contracted 35.2% compared to a decline of 12% same period last year’ –
This is 50% Crash of Consumer Durable Manufacture by 50% in just 19
months even as Credit to Manufacturing was increased by 44% since
April2012.

October14 Manufacturing is Down (-) 7.6% as GDP growth is expected to
end the year around 5% thus there is 13% decline in share of
Manufacturing of 15% pf GDP - so there is 2 Percent Point Decline to
13%. But Auto Manufacturing growth is up around 12% or 8% of GDP – in
this more than 5% of GDP is Foreign owned. Reduced petroleum prices
shall KICK Foreign Dominated Auto Sector.

Effectively Indian Manufacturing Down 8% of GDP, No Stopping Fall

1. GOI didn’t Protect IPR of Indian Inventors, MSMEs who are on
Learning Curve didn’t let them breathe.

2. GOI didn’t let BANKS TAKEOVER FACTORIES IN COMA for Younger
Entrepreneurs to Run.

3. GoI didn’t FUND R&D Companies.

4. GOI didn’t Support ROOFTOP Solar, Energy Efficiency, LED etc to
reduce Energy Cost of Factories and avoid power cuts.

5. No Entry Restrictions for IMPORTS, foreign manufacturers E-Market
their products Direct to Consumers Leaving Indian Companies Helpless.

6. GOI didn’t provide INFRA to assist Foreign Manufacturing Plants.

7.  GOI Funded LOOT PROGRAM of DMIC – Delhi Mumbai Industrial Corridor
– that shall Charge High Cost for Infrastructure & Services and
factory shall be uncompetitive.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857