In the Indian scenario, for 10 crore of new jobs until 2025, India needed at least 15 trillion dollars of investment in infrastructure, which is not feasible according to the financial indicator which does not shine enough.
a. The Indian foreign reserve is approx. $ 500 billion (half a trillion dollars) against an external debt of about $ 2.5 trillion.
b. The Indian private sector is approx. Net worth of $ 3 trillion (BSE + NSE).
vs. India’s GDP is approx. Currently $ 3.0 trillion, while central government tax collection is around $ 0.3 trillion per year.
Meanwhile, last year a claim was filed with the government. from India by an Indian economist, Mr. Deepak Sharma (32), he proposed the third global economic model called the Human Resources Economic Model (HR Economics). The aforementioned business model has been generated. Against capitalism (Adam Smith) and socialism (Karl Marx) therefore Mr. Deepak Sharma known as the father of the economy of human resources.
It is well known that the capitalism proposed by Adam Smith is widely used by the western part of the world, while socialism / communism is widely used by the USSR in China and other Asian countries as well. Since India gained independence, India has put more emphasis on socialism (government) under the influence of the USSR, and after 1991 India has placed more emphasis on capitalism (privatization) .
There is no doubt that claiming to introduce the third world economic model by an Indian economist is really surprising. Let’s check the facts about the HR business model and compare Deepak Sharma (HR business model) with Adam Smith (capitalism) and Karl Marx (socialism).
Mr. Deepak Sharma says:
1. Human resources are an absolute asset at both the individual and state level.
2. The aforementioned human resources can be valued and convertible into monetary funds for economic purposes through the human resources business model.
3. All human resources are part of the state HRCapital account.
4. The economic model of human resources provides humanity with the intellectual capacity to convert and use the assets of the human resources capital account into monetary funds and use them for further economic activity.
Mr. Sharma proposed the basic tool of the HRE business model as
In support of the HR business model, he proposed new economic tools and mechanisms such as:
A. HR assessment methods
B. New 15 HR accounting standards.
C. 5 new economic standards and definition of the connectivity of HR accounting standards.
The DHR assessment is added to the National HR Capital account.
E. Derived RH coefficient.
F. Guidelines for the use of the HR capital account in the Monetary Fund
G. Workforce Mechanism Grid (HR).
H. Connectivity of the HR grid with the RBI, the Ministry of Finance and the Stock Exchange.
A comparison between HR economics versus capitalism versus socialism
- In capitalism, the initial investment comes from the private sector, while in socialism, the initial investment comes from the state, while in the HRE business model, the initial investment will be generated from the valuation of the account. national HR capital.
- In capitalism the main tools are the stock exchange, and in socialism the main tool is the ministry of collecting state texts, while in the economy of human resources the main tool should be the government workforce grid and HR capital account.
- The accounting standards and the mechanism of capitalism and the HRE economic model differ from the initio.
- Job creation in capitalism and socialism based on private sector profits and state welfare policy, while in the HRE business model, depending on the ability of the entrepreneur due to the economy of human resources, the obligation assumes that human resources are an absolute asset and form part of the national capital account. Subsequently, the aforementioned assets will be used in a monetary fund that can be used for further production. Whereas in capitalism an individual or a group of individuals organizes investments for production, with the aim of maximizing profit and value, and in socialism, the state invests in production for the welfare of the society.
- In the ownership of the HRE business model. Must depend on a group of entrepreneurs with the intellectual capacity for quality and innovative production in the capitalist system. Property depending on investors or groups of capitalists and in socialism always be the state or the government.
(data according to research document)
From the above observation, it is proven that the HR business model is a new intellectual concept against capitalism and socialism. Mr. Deepak Sharma managed to differentiate himself from Adam Smith and Karl Marx.
Now regarding the HR business model mechanism sir, Deepak Sharma states that all human resources are an absolute asset, which must be part of the Indian HRCapital account, the above Indian HRCapital accounts can be maintained through the HR business model mechanism .
On behalf of Indian capital account, this could be converted into monetized form and can be used for economic purposes,
Mr. Deepak Sharma further states, in accordance with HR economic standards for India, stating that the Indian HR capital value will be between ($ 150 trillion and $ 450 trillion) for the next 5 years, during this time, for an investment of only $ 15 trillion (2 – 5%) the valuation of the Indian HR capital account must be sufficient,
As a result, currently we have a 3% share of world GDP versus 20% of the population, if we want to get a 20% share of world GDP in this case, the same way we need around. 15 trillion dollars of investment in India.
Therefore, we are now at the point:
(a) The HR business model is really different from capitalism and socialism, Mr. Deepak Sharma managed to differentiate his business concept from Adam Smith and Karl Marx, and another economist.
(b) This statement of India’s $ 15 trillion GDP is not a hoax and seems reliable if the mechanism of the HR business model has proven to be safe before economic experts.