Contrary to the belief we all have that the export will grow negatively due to Rupee rise, there is an impressive growth of 19% on Export Front.
This tells us that had it been no movement of Rupee, the figure might have touch 30% or more. But Rupee wise, the figure may be about 15%.
The Export Growth of 19% tells us that the economy is much stronger than what we see it is. This growth is also a contribution of the domestic economy as well.
It is not prudent to keep the Rupee at a level which is artificial. The level can not be maintained for a long period, any way.
