IT ! really matter indian ecconomy. we were buying Oils since India got Indipendance. It never effected our economy's growth ungrowth. When the IT sector booms Indian ecconomy starts growing. As the topic above says is it really indian rupee appreciate. Only |Dollar depreciated to all other currencies. Indian rupee value is same as last year against Pount Sterling or Euro or any other currency. so we can say this way week dollar will badly effect our exporting. result many job cut and companies shut downs.