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Indian Statistics of Mishandling, Neglect, Pilferage and Theft
I just read the article "Unfinshed Agenda" in India Today and saw these stats. They are an eye-opener! I thought these need to be brought in front of everyone to put things in perspective! To change all this is a gargantuan task.. and it requires consensus which is sadly missing!!
- Of the 126 airports (domestic and international) only 9 are profitable and 45 airports where NO flights land!
- 18 of the 30 State Electrivity Boards lose money.
- SEBs lose Rs 30,000 crores in THEFT annually (roughly USD 6.8 BILLION)
- Peak Power Shortage = 11,500 MW
- 22 Signatures are required for Exports
- It takes 11 steps and 71 days to set up a business.
- Licensing and permit requirements take 20 steps and 270 days.
- It takes 67 days to register a property
- It takes 40 steps to enforce a contract
- Labor reforms which affect barely 7% of the labor population cannot move forward.
- Internal Debt is OVER 80% of the GDP
- Deficits of State and Center add up to OVER 10% of the GDP.
- Tax-GDP ratio is just over 11%.
- 40% of the food produced ROTS (around 16 MILLION TONNES of foodgrain and 40 MILLION TONNES of fruits and vegetables)
- If food processing was opened up to enable refrigeration, processing and packaging - it would create jobs, deliver incomes to 670 million farmers (who are 66% of population living off of LESS THAN 25% of GDP)
- 97 percent of retail is unorganized
- 45% of exports originate in North - with poor roads and connectivity, average travel time for consignments is 15 days
- 9 million graduates pass out every year.
- 40 million people are registered unempoyed in India.
- 605 sectors are RESERVED for small scale
- 45 laws govern labour!
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