Though Stronger Rupee would hurt indian IT in short term (profits) but will be beneficial in longer run as it will force them to jump onto high value job. Many reports suggest (even common software guy feels) that India should take upon high value consulting & R&D . Ofcourse,the knee-jerk reaction of extending work hours in IT & salary reduction would not survive. This forced eceonomical condition would make the companies more innovative & wud lead them to more innovative way of servicing.Overall Beneficial Agenda for the IT industry has been set as an hobson's choice,which would make the indian IT more competitive and in turn benefit the industry for a long time. Indian IT companies are sitting on huge cash pile to survive these swings for short term. So,Stronger Rupee is good seriously.!!
