Finance, Forex and Investments

Kamal Nath says--Export Target is $ 160 billion dollars.Who will get how much.?

I am not good at figures.Can any body correct me? My figures are below-- 1] Material cost--$30 billion.Indian national resources will be depleted by this amount. 2]Manufacturing cost--$ 20 billion.Does not harm us. 3] Wages--$ 1 billion.This will help us. 4]Shipping and Transportation--$ 20 billion.Does not harm us. 5] Govt Taxes---$ 20 billion.Generate more revenues for the Govt. 6]Money paid to farmers and other agro exporter---$ 0.5 billion Agro exports are being done at the cost of general public. 7]Profit to the exporters--$ 50 billion 8]Other costs which I do not know--$18 billion Now let us find out what we will do with this foreign exchange: 1]Pay interest to the loans received from external sources out side the country. 2]Buy petrolium. 3]Buy computers,computer chips ,sophisticated instruments/ equipments from other countries. 4]Pay for our embassies,foreign trip of politicians,bureaucrats, technocrats etc.[Mostly this expenditure is useless] 5]Buy toys for military+Boeings.

Public Comments

1. Having export dollars is good for our economy. Certainly there is a drain on our resources. There are short and long terms advantages of having export dollars. China with USD1 trillion as trade surplus is facing the huge problem of having polluted rivers and damaged resources at the benefits of export dollars. 30% of the Yangtze river is beyond repairs. The damage is permanent. If you calculate this cost vis-a-vis the export dollars, I think there may not be any social sense. But in the present world, we only look at dollars and nothing else. The lesson learnt from China has to be adopted in India. Develop infrastructure, develop water ways and give access of drinking water (instead of giving access to hand phones), provide a good sanitation and pollution free environment. All these can be used from the dollars we get, but sadly these dollars are not wisely used. Yes, India have ambitions but no execution plans.
2. economics tells us that money from exports will eventually move into the consumers' hands
3. does kamalnath know how much it costs the farmer 1kg rice he eats,he does not and he is our commerce minister same fate will be with his 160billion bdgt