If the RBI pegged the $ at whatver it feels sustainable and exporters $ credited at that rate they would be impervious to the $ fluctuation. All Govts have offered some positive incentive in most countrys. Could this be ours for a few years within a time frame.
RE:Warning
by Sanket Deshmukh on Jul 23, 2007 08:36 PM Permalink
Hello Mig21... u surely know nothing about economy and trade... this should serve as warning to India to be more productive, focus on infrastructure and export more!
RE:Warning
by Blazer on Jul 24, 2007 02:52 AM Permalink
Very little control in the hands of Indian coporates. Most of them are MNC's whose home is India today tomorrow ???
RE:Warning
by Sunil Talwar on Jul 23, 2007 09:06 PM Permalink
Export more? With the Rupee appreciating against the Dollar by 10%, all Exporters are losing out and on the verge of closure - one fails to understand the hackneyed economics of the FM.
RE:Warning
by raj shekhar pv on Jul 23, 2007 09:22 PM Permalink
When rupee was depreciating we restricted imprts and unrestrcted exports. Now we should restrict exports and open up imports.
RE:Warning
by aa vinay on Jul 23, 2007 09:43 PM Permalink
I am afraid you guys are short in macro-economics. USD depreciation is a reality now & seems to be there for a long time. These measures will only bring loses to India. Need of hour is cut cost, increase productivity & enhance value. Gaat it?
