One should be in import and export ...not just export...import when it is cheap and export when it is costly!!! Simple...why crying hoo..laaa laaa ..Stupid!
RE:Money!!!...It is virtual
by Prasanna G on Jul 26, 2007 09:16 AM Permalink
wooow! what a great solution????? if every body stop exporting and start importing who will buy dude! think sensibly
Having rupee appreciation near to US dollar is a sign of strong economy and should be in favour of more than 90% of Indian population against less than 10% ITians.
When we are seeing dreams of being developed country by 2020 then isn't rupee should be as strong as US or other country's currency? Does it mean IT & export sectors don't want to become India as a developed country?
While IT sector boasts itself as a primary contributor for stenghening Indian economy then why are they against rupee appreciation?
If goods (and other stuff) in the country gets cheaper then getting less salaries should not be a concern. Think of the stong economy countires like USA where a person having salary 3000 - 5000 US dollars can live life comfortably and so would be the case of India.
RE:IT & Export sector should stop crying against rupee appreciation
by srinu reddy on Jul 26, 2007 10:09 AM Permalink
Because every country wants to do business with USA.just 10% appreciation you are talking about developed country.population itself is a big differance.without exports INDIA will become like africa.Another 10% appriciation will create massive unemployemnt.will see what happens to indian economy.with out private sectore jobs everything will be gone,all the cars,multiplexes.
US is running a huge trade deficit. They can advise everyone else, but they have a huge problem at hand to control their profligacy. They cannot reign in on oil usage, with wastage all around. One gets the feeling, they believe they have a mandate for world oil reserves.
China cares too hoots for others. Their yuan rate is artificially kept low to boost their exports and run reserves approaching $1.5 trillion. They are already flexing their muscles and US and others will be at their mercy due to this factor.
India is caught in between. As always, RBI has to please many. If you act anyway, you are criticised. I believe they are doing a good job and have been prudent. They do not have much option, as our political situation is always up and down.
think if indian rupee is equal to us dollar,, the patrol will be very cheap,, all essential commidity will be very cheap,, the rice, wheat will be very cheap,most of people will be living very easy life ,, so the indian and us dollar should be very same, so every one may work with hand and cultivate and sell coffe , tea and involve in work culture, we need qualitative life not full ofbag rps and not worth,, it is better to make our corruncy equal to other currency,,,
RE:make indian rupees equal to dollars,,,work hand for money and respect for labour dignity rises, every one workd
by srinu reddy on Jul 26, 2007 10:13 AM Permalink
then everybody will be living in USA.what do you have in india.Agriculture has been scred up.no natual reserves and corruption.how can you expect $ equals to rupee.
