The rupee value needs to increased to very high levels so that the cost of importing ,oil, raw materials become cheaper ,for manufacturing goods in India.
RE:Need Higher Rupee Value
by sai ram on Oct 09, 2007 01:28 PM Permalink
and what abt our service sector?? There would be no IT parks ..there would be beggar parks instead ...SEZs for the beggar associations and so on..
RE:RE:Need Higher Rupee Value
by abhi on Oct 09, 2007 01:33 PM Permalink
for a country to progress export and import shd be blance ... rupee shd be stable at 40 ..either way swing in Rs is going to hurt indian economy ..
RE:Need Higher Rupee Value
by Dare Devil Dragon on Oct 09, 2007 03:36 PM Permalink
No, Rupee should be stable at 45. /- 1 is ok. In fact, it's not Rupee is getting strong; it's bcoz of downward economy of USA that made this appreciation. GOI dont learn the lessons from the past 'southeast asia economy crisis in 1997'. We are moving fast towards that crisis and very soon going to face the harsh realities. Come on, stupid politicians, wake up before it's too late.
RE:Need Higher Rupee Value
by anand naik on Oct 09, 2007 06:33 PM Permalink
be practical dear, It is not everything as you think. Overall effect of it on economy is negligeable when compared to other sectors. Exporters have to become more competative then whine on rupee rise
9.10.2007 I am a marketing professional and do my bit of travelling. If you cross Panvel on the Mumbai Pune old highway, one can see acres of unsold Logans and Scorpios parked. Ditto with Indicas on the other side of the road. Go further North and same scene repeats at Hero Hond Daruhera. I am told it is no different at TVS in the south.
Free markets are fine, but we as a nation have to balance demand supply situation responsibly and not indulge in reckless capex. A case in point is the aviation sector, where dog eat dog is slowly being replaced by consolidation and price rationalisation.
The bigeest slowdown, if and when it happens will be in the capital goods sector.
