i would like all these so called financial enthusiast to visit indian village once in a life time, to get the idea of real india. people sitting in metro cities do not have a slightest idea of the financial condition of india. common people live like beggars, no food, no clothes, no medical facilty. what should we boast? just because the people in Gurgaon or Bangalore have Rs 50K per month. 50% of indian have not seen 50K in their lifetime, let alone their income. please try to lift India not only the people of some City. then we will surely celebrate this feat of Rupee rising. the Indirect tax is the major drawback for a common indian. just give this a thought, for India's sake.
RE:pls visit indian village
by Linganna on Jun 20, 2007 03:15 AM Permalink
u r absolutely correct arup..i agree with u..its high time to get rid of poverty from scratch..especially small towns n villages....and moreover since agriculture is backbone of india,government should subsidise agricultural seeds and help farmers to grow in rural areas and give them proper education and basic facilities.....
RE:pls visit indian village
by Ravi chandra on Jun 20, 2007 05:59 AM Permalink
Everyone including us here just talk and dream for better India. But no one puts that into action. Try doing that, for a start bin your rubbish, try to save water and power, walk to work if you can. If 10% of us do this, we can make a big differece.
RE:fantastic
by Simply Human on Jun 20, 2007 04:16 AM Permalink
NRI dont intend to come back. They will happily stay abroad whether Rupee is 40 to 1 or 1 to 1.
RE:fantastic
by Mitul Mehta on Jun 20, 2007 07:14 AM Permalink
I agree... it is not just the rupee:dollar equation; it is also the quality of life, which means good infrastructure and facilities.
superb article, but can rediff or someone will guide us in investing in india. this is the time for us. forget politician be smart and make ur own world
Great article for the common man to understand the currency valuations. Actually the Americans are stupid, they have flooded the market with billions of dollars spent on the war and hence the dollar has weakened which is opposite to what initially the Bush Administration had desired.
Indians need to do more for a stronger Rupee. I believe in another 5 years once we have enough FDI's and exports are more we should strive and create fiscal deficit and then peg the value of the Rupee to other currencies.
Indian buisnes should buy them out with rising value of the rupee, like british did starting with Vodafone which from a miniscule company became worlds largest, but trouble is that indian rupee is not convertible.
Further indian Forex should be used for infrastructure development.
RE:BUY THEM OUT
by Ramakrishna Kandula on Jun 20, 2007 12:13 AM Permalink
This is great idea.. with already indian companies in buying spree, this will be the best time to acquire foreign companies..
And other idea, i am not sure can we use ForEx for infrastructure development? (I don't want this happen if this goes into our politicians pocket)
RE:BUY THEM OUT
by Ajay on Jun 20, 2007 06:55 AM Permalink
Buying companies overseas was a good decision or bad only time will tell. But is does fell good.
The article is well presented but if Re appreciates and becomes 36 to 35 per dollar, the biggest impact shall be on IT industry. Many people will become jobless and then collapse of other markets. I think Re at 40 -42 per dollar shoould do good for IT industry which in turns brings jobs and makes an impact on other industry.
During 1982 and 1995 no Asian currency got as devalued as Rupee! Thus tghis currency was brought down to a level which was unreal.To be sure this was perhaps 350%. One of the highest devaluation for a economy for which fundamentally nothing was wrong! India could have managed without this devaluation- now things were very cheap for foreigners.THis is not gong to last as this is against the law of economics. The dollar is likly to be of 25 rupees as we donot require more of it.This will happen by 2010!
If the dollar goes down still to 37 or 36 then the interest rate will hit the roof and it will become 20%, then the asset and stock will see a meltdown and outsourcing will stop and people will go jobless and banks will collapse because of NPA. People who has sold the assets now and not put the money in bank will become millioners.
Good article. if India eradicates its poverty and 90% of the 100 crore people get the buying capacity (Buying i mean basics of living) we can beat all nations in the world.
RE:Nice Article
by Sam on Jun 19, 2007 10:29 PM Permalink
true, but you 'jealous' pakis won't leave you alone. They will keep on bothering you and send bombers after you. Just like India is moving forward in economy, it also needs to come up with a plan to wipe out Pak once and for all. Yes, then you can enjoy at peace......
RE:RE:Nice Article
by Sam on Jun 19, 2007 10:52 PM Permalink
also, check out TOI, Pak is the 12th failed state. Now I didn't say that!!! Its in the news
RE:Nice Article
by Sam on Jun 19, 2007 10:50 PM Permalink
this is reality,not hate mongering. India is a successfull country, but is surroubded by 'failed', 'angry' and 'jealous' neighbours who will never let Indians live in peace.
India needs to give up its 'vegeterian' mentality and adopt some 'meat' & 'bombs' mentality. Balance is good.
RE:RE:Nice Article
by ni il on Jun 19, 2007 10:58 PM Permalink
bjp will win and eradicate this pakistan....sooner or later...down the line...there will be no pakistan on the global map......modi is therer for it....dont worry sam.....
the Indians shold now plunge into the international market be it even a selliing of pen or pin.
Make the market more competitive for other nations and not in our nation. On the contrary people shoild get more better salaries and more number of of employment oppurtunities.
An Average Indian is equaivalent and even more intelligent than the white collar goras. Only that we stop pestering them.
Areas of business exploration: Clothes. Indian Authentic and Mordernisation of rural foods. Multimedia and Animation E-learning Corporate Solutions Perfumes Toys Outsourcing resources with good renumerations. Exporting Cars Making tourist spots more attractive to International standards. Revamping Historical Monuments and maintaining them for tourism. Export day-to-day requirement things.
Punish Fanatics of all religions and bring President Kalam as the ruler of the country.
Expell innuclear technology and make an example of green revolution by building huge green areas everywhere in India.
Cultivate and export herbs and ayurvedic medicines. Set high standards for all INDIAN made products.
Most important all of us be UNITED as one sarva dharma priya nation...and i promise no one can touch us.
RE:How the rupeee can be strong!
by vikram aggarwal on Jun 19, 2007 09:44 PM Permalink
Exporting cars is way out of line. We need to have good cars first. TATA wont sell cause its no where close to GMC Honda or Toyota.
What about US selling one aircraft to us and balancing out tons of perfumes, toys and stuff we sell to them?
RE:How the rupeee can be strong!
by praveen thakur on Jun 20, 2007 01:13 AM Permalink
adding to that TATA trucks in- African country BEML - in north africa
many more equipment manufacturer in sudan and other african country.
RE:How the rupeee can be strong!
by nitin narain on Jun 19, 2007 10:33 PM Permalink
Maruti also exports cars to the European Markets and the Latin American Markets. AND as for the Mahindra Scorpio...please add south africa and australia to that list........
