On behalf of H.R. Economics, world’s third economic system since after capitalism and communism, termed as father of HR Economic, Deepak Sharma has submitted the financial proposal to the government with a project of 15 trillion dollars (approx. 1,100 lakh crores) by 2024-25 financial year and 1 trillion Dollars’ worth within the next one year period.
Aforesaid project proposal has been designed and developed by using various tools of H.R. economics.
While speaking to ABP LIVE about the proposal, Sharma emphasize on the fact that aforesaid project is reliable and viable. He further requested before Prime Minister's Office to form a high-level economic committee to verify the viability and feasibility of aforesaid proposal.
Furthermore, Sharma also described about H.R. Economics as it is an economic system having intellectual capability to evaluate the Human Resource and capable to convert the estimated evaluation into monetary funds. H.R. Economic Model (2014) also claims to run accounting and economic standards simultaneously.
H.R. Economic Model (2014) seems to be next generation economic system against previous economic system as capitalism, socialism, communism and mixed economy.
Sharma, who is also know as father of HR Economics, describes the Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
While Communism is a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises. It includes the political theories and movements associated with such systems.
In brief, some questions exists, whether proposal would be meet the economic principle. If yes, it shall be best economic weapon for Indian Economy.