Delighted at Davos ?

P Chidambaram is delighted at Davos

All the foreign industrialists and businessmen he met , told him,

"  We have confidence in India's growth story

    We are bullish on India

    We plan to invest in India , in a big way  "

For fear of offending , what they did not tell him , is :

"  Everything depends upon who becomes your Prime Minister in April 2014

   We hope , he is Narendra Modi , who has promised to build,

  >   100 brand new Smart Cities in 5 years,

       =  20  new cities  EVERY  YEAR

       =   1  new city every  18  DAYS  

  We can imagine the inputs that India will need to build these cities

  For building same 20 cities per year , the Chinese are consuming 50 % of ALL  the steel produced in the entire World , EVERY  YEAR  !

And constructing a 5,000 MW coal-fired power plant  EVERY  WEEK 

And building 500 Km of new rail-roads  EVERY  MONTH 

Apart from steel , you will need millions of tons of

>  Aluminium / Copper / Cement / Ready Mix Concrete / Wood / Glass

>  Paint / Varnish / Chemicals / Tiles / Marble / Wires / Cables

>  Light fittings  /  Bulbs / Switch-boards / Towers / Pumps .. etc

And those millions of people who will occupy these Smart Cities , will need,

>  TV / Fridge / Washing Machine / Water Filter / Micro-wave Oven / Mixer

>  Fans / Air Conditioners / Cars / Scooters / Computers / Tablets / Mobiles

>  Furniture / Food / Garments / Clocks / Watches / Music System / Books

The lists can go on and on

Every year , you will need 10,000 additional factories to produce all of these

That is the only way you can raise contribution of Manufacturing to overall GDP , from current 16 % to 25 %

Which will create 10 million new jobs , year after year

Still short of population growth of 15 million every year  !

But to create just ONE new job , you will require a Capital Investment of Rs 1 million

So , every year , you will need capital investment of Rs 10 Million Million  !

We are ready with the money  !

Since UPA - 2 could not give us a Green Signal , we are now waiting for the

Saffron Signal  !

Mr Chidambaram ,

You said ,

> India's economy can certainly return to 8 % growth rate if mistakes of the

   past are not repeated

No doubt about that  !

People of India have decided NOT to repeat their mistake in April 2014  !

Verdict of the people of Delhi , was only a " Curtain Raiser "  !


Defeated in Delhi  /  Delighted in Davos  ?

*   hemen   parekh  (  24  Jan  2014  /  Mumbai  )