I am happy with the appreciating rupee value. It is good for manufacturing industries in India. It gave heavy blow to the software coolies and their bass. IT coolie companies recruit all branches of engineers in bulk for menial work. The recruitment is to show the resources to their client for work orders. There is brain waste. We can appreciate the brain drain but not brain waste. They are responsible for reduction in the innovation in the manufacturing. As on today no IT companies do challenging work needed for the world. They don%u2019t develop any products. Some reader, who has got short vision, may say that Infosys has Fincale and many banks use it. Finacle is used in banks not because of the innovative product based on their banking research. It is a cheap solution developed by coolie engineers graduated from great academic institutions, who don%u2019t have the brain. Really lots of challenging research problems is there in the IT. IT revolutionizes the way we live. All section of people can be benefited by the IT. But these cos. are not bothered. I would say IT companies and the government missed the opportunity of globalization. China strengthened their manufacturing base and now they add service to their economy. India has missed the opportunity to strengthen the manufacturing base. If there is any shift in economy manufacturing base can't be shifted immediately. But it is possible for the service.
