Can India Achieve $15 Trillion GDP By 2025

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A third economic model named Human Resource Economic Modelwas developed by Deepak Sharma in2014.
It is tippedto replace Socialism and Capitalism.

Regarding financial viability and reliability of the aforesaid proposal, Mr. Deepak Sharma ensured that
All information in the aforesaid proposal are practical, reputable and viable.
He also ensured that all the information was in accordance with the principles and tools of H.R. Economics.

He validated that human resource is an absolute asset, and mankind currently has no intellectual ability to transform this into financial funds.
For this reason, mankind is experiencing poverty, crony commercialism, crime and corruption.
He claimed that the H.R. Economic system will supply this crucial intellectual ability to the human race.
Due to this India will gain the most since the country boasts of 18% of the total human resources available worldwide.

CONCEPT BEHIND THIS MODEL

Under the present circumstances, the Indian economy depends upon three pillars.
These are the Reserve Bank of India (RBI),
The Ministry of Finance,
The stock market.
After adopting the R. Economic design, the Indian economy will get an extra fourth pillar.
This will be in the form of a manpower grid.
This manpower grid will be a centralized pillar and will gain fast worth capability.
It will be bigger than the integrated worth of the RBI, the finance ministry and all stock markets of India within the next 5 years.

Sharma likewise validated that currently readily available accounting requirements are not adequate to run this aforesaid economic system.
For this reason, he proposed 12 brand new accounting standards along with 5 economic requirements whichhave to be used compulsorily.

Deepak Sharma stated that Socialism has been discontinued by India since 1991.
Capitalism, which is still in practice, has not been able to remove unemployment, poverty and corruption, even 70 years after Independence.
Example-22% of India’s population is below the poverty line and 77% of the nation’s worth has been accumulatedby just 1% of the population.
He further requested the government to form a committee of economic experts at the earliest to verify the viability and reliability of the aforesaid financial proposal.