Prime Minister Modi said in the Lok Sabha that the role of the public sector in the country is important but the private sector is equally important and important. He said that the Congress should understand how important the role of the private sector is in creating the country. The question now is whether the private sector will work without, how big is the role of corporate India in the current economy and is the criticism of the private sector motivated by politics? Here we are discussing the same issue. Are participating in this discussion. TV Mohandas Pai, Chairman of Aarin Capital, Piruz Khambata, Chairman of Rasna, Columnist Gauri Dwivedi and Economist Saket Mishra.
Let’s first look at the policy of the government. The government is working on a policy of promoting private investment in the country. For this, the government has increased FDI in many sectors. The corporate tax rate has been cut. There has been a tremendous improvement in the Ease of Doing business. The private sector is being given priority in road construction. Disinvestment of PSUs is being accelerated. Airport, port, pipeline projects are being privatized.
PM said on private sector
Speaking on the private sector in the Lok Sabha, PM Modi said that the use of abusive words against the private sector is wrong. You cannot insult the youth in this way. The public sector is necessary for the country. Private sector contribution is also necessary. Telecom, pharma is the role of the private sector everywhere. Due to the private sector, the country is working for humanity. There is a need to increase the morale of the youth of the country. The country moves forward with everyone’s contribution. Will Babu do everything? If they are from the country, then the youth are also from the country.
Contribution of private sector
Contribution to employment in last 5 years
In the last 5 years, the private sector has provided 60.4 percent of the employment in the country. At the same time, the share of government jobs has been 21.2 percent. The self-employed is 5.2 percent. At the same time, PSUs hold 5.1 percent. 3.3 per cent in public-private sector and 4.8 per cent employment in other sectors.
Contribution to Employment Sector Based Contribution-Top 5 Sector
Banking – 12.5%
Education -12.1%
IT & ITES-11.6%
Financial Services – 6.7%
Services – 6%
Contribution to employment – other sectors
Healthcare-3.1%
Tourism, Hospitality – 2.5%
Real Estate-2.3%
Auto, Manufacturing-2.1%
Business wise jobs
Large companies 30%
Medium Companies 19%
Small companies 22%
Micro Companies 29%
Account of salary
Salary employee
10% below Rs 10,000
10,000 to 50,000 rupees 60%
50,000 to 1 lakh rupees 21%
9% above Rs 1 lakh
Top Employers of the Country
Railways 12.3 Lakh
Tata group 7.5 lakhs
Post Office 4.2 Lakh
RIL 4 Lakh
Coal India 2.72 Lakh
SBI 2.5 Lakh
Stock market returns in last 20 years
Company Return (%)
RIL 2,400
TCS 2,500
Bajaj Finance 39,700
Maruti 4,200
Asian Paints 13,100
Colgate 1,520
HDFC Bank 6,450
Infosys 1,060
Top Corporates of the country
RIL
4 lakh employees
Revenue 6.60 lakh crores
Market Cap Rs.15 Lakh Crore
The country’s top corporates RIL is at number one. It is the first company to cross the market cap of 15 lakh crore of the country. RIL has a market cap of over 130 countries’ GDP. The company has been in business for over 60 years. It is the highest custom and excise duty paying company. It pays a duty of 1.15 lakh crores to the government. The company spends more than Rs 1,000 crore for CSR activity. It is the largest retailer in the country by reach. It has more than 12,000 retail stores in the country. Provides telecom services to 400 million people.
Bank unions announced two-day strike against privatization of public sector banks
Tata group
The Tata group employs 7 lakh employees. Its revenue is 8.3 lakh crores. It contributes 4 percent to the country’s GDP. It pays tax of 50,000 crore annually. Its tax is higher than the tax collections of Assam, Goa, Himachal, Odisha.
Aditya Birla Group
The Aditya Birla Group has 1,20,000 employees. Its revenue is Rs 3.4 lakh crore.
Adani Group
The Adani Group has 17,000 employees. Its revenue is 1 lakh crore rupees.
Sanjeev Goenka Group
The Sanjeev Goenka Group has 30,000 employees. Its revenue is Rs 30,000 crore.
TVS Group
TVS Group has 39,000 employees. Its revenue is Rs 50,000 crore.
Infosys
Infosys has 2,49,000 employees. Its revenue is 1 lakh crore rupees.
THEIR
Infosys has 21,000 employees. Its turnover is Rs 40,000 crore.
