Industry DEAD, Jobless BANK FUNDING, Economy Down Hungry
October13, 2016 (C) Ravinder Singh progressindia2015@gmail.com
TOI Mispreported - Why industry is not keen to borrow despite high demand?
Fact is Credit to Industry is below March2015 Level - not covering
Inflation, Even as A-Z of World Industry Visited & Visiting India in
30 months.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38204
Sr.No Sector Aug.22,
2014 Mar.20,
2015 Aug.21,
2015 Mar.18,
2016 Aug.19,
2016
I Gross Bank Credit (II +III) 56925 61023 61600 66500 66287
II Food Credit 1072 994 1050 1031 771
III Non-food Credit (1 to 4) 55853 60030 60550 65469 65515
1 Agriculture & Allied. 7204 7659 8078 8829 9177
2 Industry 24999 26576 26238 27307 26181
2.1 Micro & Small 3469 3800 3679 3715 3543
2.2 Medium 1210 1245 1142 1148 1079
2.3 Large 20320 21531 21417 22444 21559
3 Services 13135 14131 13906 15411 15594
4 Personal Loans 10515 11663 12329 13922 14563
In last two years Credit Growth to Industry is barely Rs.1,18,200 Cr
NEGATIVE FOR 18 MONTHS but even in this CREDIT to RIL is over
Rs.200,000 Cr – around Rs.1,80,000 cr for RJio which is Services
Sector.
So real investment in Industry is reduced to around Rs.18,00,000 Cr –
Even in this Sugar Mills or Atta Chakki or Service Stations or Roads
are Agricultural Value Addition and Service Sector. Sugar Mills get
more than Electronics Ind.
9% Credit to JOB CREATING Industries > Just Rs.5,55,900 Cr
Most of the Credit to Farm Sector is Short Term Crop Loans
Sr.No Sector Aug.22,
2014 Mar.20,
2015 Aug.21,
2015 Mar.18,
2016 Aug.19,
2016
2.2 Food Processing 1431 1715 1543 1501 1401
2.2.1 Sugar 345 414 362 400 348
2.2.2 Edible & Vanaspati Oils 189 211 181 199 182
2.2.4 Others 867 1058 970 866 834
2.3 Beverage & Tobacco 186 186 175 181 161
2.4 Textiles 1939 2019 1968 2058 1946
2.14 All Engineering 1453 1540 1536 1542 1513
2.14.1 Electronics 348 368 376 382 357
2.14.2 Others 1106 1172 1160 1159 1157
2.15 Vehicles, Plus 655 682 680 690 699
Credit to Electronics Sector is not even $5b Only. Automotive Sector
just $10b – These Have Colossal EXPORTS Potential.
Credit to RJIO More Than Food Processing – HUNGERY INDIA.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-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
October13, 2016 (C) Ravinder Singh progressindia2015@gmail.com
TOI Mispreported - Why industry is not keen to borrow despite high demand?
Fact is Credit to Industry is below March2015 Level - not covering
Inflation, Even as A-Z of World Industry Visited & Visiting India in
30 months.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38204
Sr.No Sector Aug.22,
2014 Mar.20,
2015 Aug.21,
2015 Mar.18,
2016 Aug.19,
2016
I Gross Bank Credit (II +III) 56925 61023 61600 66500 66287
II Food Credit 1072 994 1050 1031 771
III Non-food Credit (1 to 4) 55853 60030 60550 65469 65515
1 Agriculture & Allied. 7204 7659 8078 8829 9177
2 Industry 24999 26576 26238 27307 26181
2.1 Micro & Small 3469 3800 3679 3715 3543
2.2 Medium 1210 1245 1142 1148 1079
2.3 Large 20320 21531 21417 22444 21559
3 Services 13135 14131 13906 15411 15594
4 Personal Loans 10515 11663 12329 13922 14563
In last two years Credit Growth to Industry is barely Rs.1,18,200 Cr
NEGATIVE FOR 18 MONTHS but even in this CREDIT to RIL is over
Rs.200,000 Cr – around Rs.1,80,000 cr for RJio which is Services
Sector.
So real investment in Industry is reduced to around Rs.18,00,000 Cr –
Even in this Sugar Mills or Atta Chakki or Service Stations or Roads
are Agricultural Value Addition and Service Sector. Sugar Mills get
more than Electronics Ind.
9% Credit to JOB CREATING Industries > Just Rs.5,55,900 Cr
Most of the Credit to Farm Sector is Short Term Crop Loans
Sr.No Sector Aug.22,
2014 Mar.20,
2015 Aug.21,
2015 Mar.18,
2016 Aug.19,
2016
2.2 Food Processing 1431 1715 1543 1501 1401
2.2.1 Sugar 345 414 362 400 348
2.2.2 Edible & Vanaspati Oils 189 211 181 199 182
2.2.4 Others 867 1058 970 866 834
2.3 Beverage & Tobacco 186 186 175 181 161
2.4 Textiles 1939 2019 1968 2058 1946
2.14 All Engineering 1453 1540 1536 1542 1513
2.14.1 Electronics 348 368 376 382 357
2.14.2 Others 1106 1172 1160 1159 1157
2.15 Vehicles, Plus 655 682 680 690 699
Credit to Electronics Sector is not even $5b Only. Automotive Sector
just $10b – These Have Colossal EXPORTS Potential.
Credit to RJIO More Than Food Processing – HUNGERY INDIA.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-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