My proposal for India development:
Sudhir Kumar
IoD Certified Corporate Director, ESG& DEI Expert #1bestselling author, Risk Analysis, Nuclear Tech &SMRs, Leadership, OD & Team Building, AI,Quantumn & Cyber Secu
# Besides my tweets along with my Linked Posts on diverse issues, a proposal for having a Center of Excellence for developing a required Defence for Cyber & Hackers attacks, I am now enclosing this proposal for Honorable Prime Minister's kind perusal that how to bring a spurt in investments, growth and job creation in times ahead.
# Let me put it that India needs at least $ 01 Trillion investment between Jan 2018 & Apr 2024 if we want to take India ahead to make it a 03rd largest economy by 2027 so that a growth @ 8.5 % could be induced by 2019-20 and 9.5% in 2020-21 and than 10.5 % in 2021-22 onwards till 2023-24.
# So, how we achieve that 1. Revenue generation from Direct & Indirect Taxes and that can only between 115-120 billion PA to 160-180 billion between the same period.2. FDI’s & FII’s could generate quite a substantial potential to further add to these investments by the same amount. 3. We can easily raise about $ 200-400 billion at a very low-interest-rate to invest in building National Critical Infrastructure that could bring down our Logistics Cost at about 7% of the GDP.
# So, it is not difficult to achieve these targets as India certainly needs radical reforms rather metamorphosis but based on solid revenue generation capabilities with such investments. In order to that first, we need to carry out A Forensic Audit of States Balance Sheets to arrive than what state they are in Fiscal Deficits and loan on their books. Once we do that it can be calculated where such investments could be sustained and revenue could be generated.
# Thrust areas remain: (between Jan 2018 to Apr 2024) 1. Rural Development and Doubling the Income of Farmers by 2022 and I have a plan for the same @ an investment for about $100 billion including addressing Education, Health, Digital Mandi & other Facilities needed. Even Food Processing Units there. 2. Manufacturing in Defence & High Tech Electronics @ about $ 200- 250 billion. 3. National Critical Infrastructure Development@ about $ 300 billion in order to have Integrated Logistics Management in place at the earliest to bring down logistics cost to 6-7 % of GDP by 2024.4. Push to MSME through Mudra & other mechanisms @ $ 50 to 100 billion to make it exports oriented and becoming a backbone for supply to the Defence & High Tech Electronics Manufacturing. 5. Electric Vehicles & Battery Charging Stations @ $ 50 billion. 6. Tourism @ about $ 50 billion. 7. Nuclear Technology & Renewable Energy Production @ $ 100 billion 8. About $ 1.5 Billion for Defence against Cyber & Hacking Attacks 9. Smart City Initiative @ $ 50-75 Billion. 10. Swachhta Abhiyan @ $ 15 Billion. 11. MGNREGA @$ 75 billion. 12. R&D-@ $ 15 Billion.13.Fast Track Courts @ $ 2 Billion.
# There are some more vital areas that shall also be covered by making little room in each allocation.
# Thrust should be on 1. fight against Corruption, Black Money & Benami Properties and solving diversion of Funds in NPAs not only by IBC but invoking IPC against fraudsters who helped this day & night loot. 2. 12 Fast Track Courts as per SC at the earliest to try cases of lawmakers at the earliest.3.Electoral Reforms at the earliest first by making political funding totally transparent