Since a geo stationary satellite appears to be at rest form earth, should not the net force acting on the satellite equal to $0$. Now since earth is a non-inertial frame we will have to apply a pseudo force on satellite to make Newtons laws of motion valid. So for the observer standing on earth, just below the geostationary satellite, two forces are acting on satellite,
1) gravitational force, $\frac{GMm}{(R+h)^2}$, and
2) pseudo force, $m\omega^2R$.
(Here $G$ = gravitational constant, $M$ = mass of earth, $m$ = mass of satellite, $R$ = radius of earth, $h$ = height of satelite above earth surface and $\omega$ = angular velocity of earth.)
Now for earth to be at rest these two forces should be equal in magnitude, since they are opposite in direction. Now here since we know the value of all the quantities invoved in the two forces, when I equated them they were not equal.
Please guide me where I am wrong.