Industry DEAD, Jobless BANK FUNDING, Economy Down Hungry

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