20 Trillion dollar Indian Economy by 6 years

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      Present time we all are discussing about 5 trillion dollar Indian economy by 2027 but I am thinking something higher side that we can achieve 20 trillion dollar Indian economy by 6 years. We have to work on 4 factors. 

1. Investment money 

2. Exports demand products 

3. Replace of crude oil, Gold & electronics items import bill

4. Indirect tax subsidy scheme will replace all other subsidies. 

Investment money - We always depends on loan or foreign Investment to create industrial capacity but we are ignoring our big assets of household gold. This will boost our economy & need to create physical gold deposit & gold term loan for Investment cycle. 

Government should allow gold deposit and lending and use gold to produce digital currency to boost GDP. Accept deposit & lending in gold termology as 100 gm gold deposit interest 2% and lending interest 4%. Apply this method in banking system.

For Gold term loan lending use GFIR (Gold fluctuations interest rate) so corporate and institutions can borrow on low interest near 4% - 5% annual rate. GFIR is a tool that cut the interest rate and risk of banking system.

Present time only big businesses group borrow as ECB ( external commercial borrowing ) on 4% to 5% interest rate.

         A new idea can provide extra regular income to households so need to use gold as side currency. Bank should accept deposit and lending in gold termology.

             As per indian example If 10% of household gold (2500 ton) were deposited in banks then GDP may expand 15% nominal. Total households gold near 25000 ton.

       When any household earn regular interest on gold then this extra earning will boost demand in economy short to long term. Banking lending capacity will increase and this will create derivative deposits 4 to 5 times.

             Government should work on three front. First Use gold as currency to strengthen rupee against other foreign currencies. Gold near house hold can play important role for economy. Government should allow to add a gold transaction law for term deposit and gold term lending in banking system. Need to add a section of gold measurement in All types of savings, Current and dollar account. then make a deposit center of gold inside or outside of the bank. Give interst of gold term deposit in gold measurement.

Research & development investment & Machinary production in India a big issue.


Exports demand products - Present time we are good in exports of medicine & IT services. We are good producer of wheat & rice so either export grains or reduce their production by replacement of pulses & oil seeds agriculture so import bill will reduce. Need to create a engineers association to create export infrastructure. 

Replace of crude oil, Gold & electronics items import bill -  Indian import bill 70% depends on crude oil,  Gold & electronics.  Crude oil bill will be reduced by export petroleum products after refine & use of electric , hydrogen fuel & other bio gas , bio diesel vehicles. 

Second reason of high gold import bill is tradition of gold jewellery & unsecured by bank note policies local & international. It's good solutions to create physical gold bank. 

Indirect tax subsidy scheme will replace all other subsidies - L.P.G. subsidy, fertilizer subsidy, kerosene subsidy, food subsidy, export subsidy & all other subsidy are replaced by new indirect tax subsidy. This scheme will create huge employment generation in economy. I have explained in my previous blogs. 



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