Fall of Dollar is inevitable. Infact, dollar can collapse, if US economy stumbles into a recession.
Falling dollar will be very very bad for IT cos, which will be coupled by less-business & hard bargaining by US Cos coz of recession.
But overall, rising rupee (falling dollar) will be good for India, coz we import much more than we export (esp Oil). It will also promote consumption in the country which will provide an impetus to economy.
Infact, its about time, that the IT Cos start focussing on India-China market, which are the fastest growing markets in the whole world.
Dont understand, why they are ignoring the growing domestic mkt, when american cos are eyeing our markets.
RE:Inevitable but good
by archana patil on Oct 06, 2007 01:56 AM Permalink
If dollar falls, the price or oil will not stay same. It is a commodity and it is not linked with any currency but rather supply and demand. Hence if dollar falls, oil dollar price will rise just as we saw recently when the dollar fell upon interest rate cut, the price of oil crossed $80.
since our imports are more than the exports Raisng Rs will be good for the country as a whole, but it will upset some sectors which are exporting and are our growth engines, these sectors should learn good cost management techniques to be competetive.
Topic everyone talking abt , check this wat people comment on this. http://tinylink.com/?Wf2OjmGnLv and I agree with this people they are right..! I hope you people like it..and comment on this
Article mentions about businesses moving to smaller cities and towns.. Well, they are not welcome !
They screwed up the big cities already..look at the traffic in Bangalore. Do they want to do the same thing for the whole India ? Nope !
Economy in smaller cities and towns should be built on local expertise and merchantise, not by setting up shops of big companies there. If this is not understood, whole India will be a chaos, and everything is gonna fall flat soon.
RE:Moving to smaller cities and towns ? Big NO !
by subhash patil on Oct 05, 2007 01:28 PM Permalink
what raghu is saying is stupid......decentralization is always better.....than crowding the big cities....that is it is always better to develop 5 small cities or towns which have much more potential of course....than concentrating on few metros....which r already running out of resourses......definitely....there will be lesser strain on resourses in smaller towns than in big cities.......people like Raghu...express their comments without thinking.....this shows typical Indian mentality.....people like him r everywhere in India.....and of course...sitting in Loksabha also.....let alone foresight....they don't even have commonsense......they always see the glass half empty.....educated fools.....this is not Gandhian era....to look for local expertise...build a business....and become self reliant.....accept the changes and go with time......development should be our aim...be practical....welcome whatever investment coming to the smaller towns...because only such money will give them the spunk...for progress...once these businesses come to ur city....they will create new business opportunities......and more people will come forward to invest and set up their businesses in such towns......and at this stage if localites don't come forward to tap these opportunities......god help them........... ..........if a college student like me can understand all this.....why can't others? Subhash Patil
