Update: June 25, 2021 4:44 PM STI
Geneva [Switzerland]/ New Delhi [India], June 25 (ANI / ThePRTree): Recently, WIPO Geneva released the mechanism and concept of the HR business model, subsequently the HRE business model is considered a new generation business system as well as a supernatural incident in the history of economics.
It was the most anticipated since last year, as a $ 15 trillion GDP (2026) proposal was submitted to the Indian government (May 2020), it was supernatural news that attracted the attention of various economists and journalists around the world, HR business model proposed by an Indian economist like Deepak Sharma called the father of human resource economics.
We are all well aware of the economic stage as barter stage (1st stage), gold based economy (2nd stage), treasury system (3rd stage) and modern stage current (4th stage), of the economic era.
In the modern stage, humanity has discovered the various new tools of the economic system such as interest rates, the banking system, the stock market and various economic models such as communism, socialism, capitalism, market economy , PPPs, etc. in which socialism and capitalism are considered two major economic systems.
Whenever the main cardinal of the HR business model (5th step)
a. The human resource is an absolute asset for the state, the group or even at the individual level,
b. Human resources may be assessed, thereafter the above-mentioned assessment may be paid to the Monetary Fund for economic purposes.
Therefore, the assertion about the next generation is validated about the HR business model is a next generation business concept (5th stage), due to the state’s human resource assessment capacity and convert then the value of HR mentioned above in monetary fund, which can be used more for economic activities.
Deepak Sharma proposed the,
1. The first tool as a national human resource account tool should be maintained at the national level.
2. All government human resources must be part of the national HR capital account.
3. The valuation methods should be applied to find the valuation at the individual level as well as the gross valuation at the national HRCapital account.
4. the mechanism for using the above-mentioned valuation, converted into Monetary Fund for further economic use.
5. Other tools of the HR economic model such as HR assessment methods, HR accounting standards, HR economic standard, HR coefficient, etc.
On the aforementioned ground, Deepak Sharma asserted, humanity will get rid of poverty, income inequality, crony capitalism, etc.
Let’s check the feasibility of a GDP of 15 trillion dollars (2026),
India’s current situation is as follows: GDP – $ 2.7 trillion, market valuation – about $ 3.0 trillion, foreign reserve of about $ 0.6 trillion, foreign debt – about 3.0 trillion dollars, while to get 15 trillion dollars of GDP (2026) India would have to receive an investment of 15 trillion dollars, while as above the government and the private sector are not able to organize the investment of 15 trillion dollars,
While the HRE business model predicted that the value of Indian HR capital would rise to $ 450 trillion through 2026 (Mr. Deepak Sharma), for an investment of $ 15 trillion, we only had to monetize (3 at 4)% the value of Indian HR capital account, while over the next 6 month period the Indian government has secured at least Rs 75 lakh crore ($ 1,000 billion) for infrastructure development. Therefore, the HR / Men Power Grid capital account will be the world’s largest economic giant with an official value of $ 450 trillion (2026). Therefore, at least 10 crore of new employment opportunities will be generated in the Indian economy,
This story is provided by ThePRTree. ANI will not be responsible for the content of this article in any way. (ANI / ThePRTree)