Indian products are third class catagories to the extent of 90% and Indian labour pool is 600 million plus out of which only 5% are graduates, 95% are unskilled exporting either price sensitive commodities or low end goods which can be produced from China and Asean with equal ease.
I already said top end segment will not be affected even if $1 = Rs 1.
What about rest 95% ?
Just tell me a simple question. Will you buy a Chinese watch for a Swiss price ?
And why are you comparing econmies like Germany which sell the very highest quality in the world in their segments like machine tools. They sell worldwide due to their exceptionally high quality despite cheaper products available from China.
German workforce is 45 million and all consumed in high end exports not uneducated and unskilled 95% of Indian workforce which have to be producing something if they are to stay employed.
All current boom is due to exports booming since employees of IT, ITES, and good exports make 3-6 times more money than normal domestic industry catering to domestic market. Then these privilaged group buy expensive good like properties and expensive cars like Honda Civic and stimulate the entire economy of India. If demand from this segment dries up = back to growth rate of Indira Gandhi's time of 2-3%
Use your BRAIN and be a real well wisher of India considering that we have to produce JOBS for 600 million of Indian youth who are not all educated to do IT coding jobs or highest tech exports like germany.
Top end jobs will stay, but what about 95% of the rest. Do you want them to become unemployed and become naxalites ?
