I happened to see an australian blog site and saw an article about BPO,youth's resentment and comments of several US and australian citizens.It is eye opening.All agreed that US dollar will go down further as global economy tries to stabilise and come in equilibrium.More dollars coming to India and China and trade deficit of USA is bound to make it go down.But then Indians are having nice time in imports and we import more than we export.So why cry? It is mere adjustment of figures with final result in our favor. Secondly ,Indians have so long been kept under protected environment and sarkari babus managed system that they start crying.Is it necessary to do business in Dollars?Is exchange rate mainstay of competitiveness of any industry/country?That is silly.Why can't we force US and European customers to pay more dollars per item of export?Because we sell low order goods and trash.We have no USPs and technology command.Most exporters are merely labor jobs.India is no where in technology based exports of its own.Our R&Dis almost zero.Copying and pasting is very popular right from Indian constitutions(1948)writitng to today in all fields including PhD and fraudulent research in 100s of Labs.It is time we learnt lessons. With globalisation levelling is bound to happen.American dollars will go down to kill global competition.Huge salaries have been fixed by Indians CEOs/employees meanwhile, aping USA salaries in nam eof liberalisation and making hay while sun shine.Foolish
