Intellectual Corruption $200Trillion Issue 2050, Lokpal Only a Mischief
To,
Honorable MPs,
Sir,
1990 at a CIBC meet in Taj Hotel, New Delhi I observed as WIPO Awarded Inventor that –
India should target serving 98% global market outside India
Today due to negative politics we are back to 1990 level of 2% with the latest TOI report that India is out of $t Market Cap club today – China has maintained it growth trajectory. China exports averaging $170b last six months points to over $2t exports level mainly manufactured goods. Chinawould exceed $400T Industrial Production from 2010 to 2050. India's loss could be at least $200trillion.
Looking from another angle China is already ahead by $5Trillion 2011 and in four decades cumulative GDP gap could be $500Trillion to $600Trillion.
China is already $6.5t economy 2011– second largest after USA.
India's loss due to Intellectual Corruption – not protecting Intellectual property of Indians alone by 2050 is $200Trillion issue.
We actually need just 1000 Professionals in key positions to contain 95% of corruption in India.
I alone with couple of clerks can cut down corruption by 50% through re-designing projects, improving productivity, use of appropriate technologies etc.
Alternately put in jail most corrupt say Mukesh Ambani in jail for 10 years – corruption and loot shall be down 50%.
I have just mailed a presentation 'Gross Failure of CSIR DSIR ---' describing how SK Brahamchari wasted Rs.20,000 crores - $20b in PPP terms in last four years alone.
India should stop Negative Politics and focus of selecting Best Qualified through transparent selection process, protect and create Intellectual Property of every Indian.
Important – Joint Director CBI shri BR Lal reported only 5% of Black Money is contributed by Corruption – rest contributed by Tax Evasion, Money Lending, Extortions and Smuggling Drugs etc. So Lokpal is only a mischief.
Thank you,
Ravinder Singh
Inventor & Consultant
December21, 2011
India may lose trillion-$ m-cap tag
Partha Sinha TNN December20, 2011
Mumbai: The Indian market is on the verge of losing its membership to the elite group of countries with $1 trillion market capitalization thanks to the unrelenting weakness of the rupee and the slide on the bourses. With BSE's market-cap currently at $1.03 trillion, or Rs 54 lakh crore in Indian currency, India could soon exit the group of 12 countries that boast of 13-figure market value in dollar terms. This could happen if the rupee again slides past the 54 to a dollar mark, the stock market slides further, or with a combination of the two.
On May 28, 2007, when the rupee was showing unusual strength against the dollar and hovered around the 40-mark, India had first entered the $1-trillion m-cap league. As the rupee hit a new nineyear high against the dollar that day, at 40.50, and a strong rally took BSE's market cap to over the Rs 40.50 lakh crore, India had entered the group of countries with trillion-dollar market value. It has since been a member of the select group.
So far in 2011, the benchmark sensex has lost a little over 24% while the rupee has lost 18%. The combined effect of market slide and rupee's depreciation has been a 36.8% dip in India's market cap. Of this, India's market cap has dipped 11.2% in the last one month alone.
This has also made India the worst performing market in the trillion dollar club of nations, Bloomberg data showed. The closest is Francewhich has lost 23.6% to $1.34 trillion while Germany has lost 20% to $1.2 trillion to become the third worst performing in this group of 12.
So far this year, the world's total market cap is down 13.5% to nearly $45 trillion, while the US has lost 5.4% to its current market cap of $14.6 trillion. Among the BRICs, Russia, which is not a member of the trillion dollar market cap club, is down 22.3% to $ 777 billion, while Brazil has lost 18% to $1.2 trillion and China is down 15% to $3.2 trillion now.
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