RE:RUPEE SHOULD ALWAYS BE STRONG.....
by Ajay on Jul 25, 2007 09:31 PM
For sure, Indian should be able to travle overseas and enjoy life. Stronger dollar is better for the country.
Also i do not believe a 10% appreciation would have a major impact on the bottom line of IT service providers. As their revenue would decrease they would either pay lesser salary and increase productivity with smaller bench or longer hrs with each employee working multiple clients. This might impact medium end end property prices but nothing the economy cannot work over.
The smaller exporter will be affected and FDI for export oriented units will decrease. Well, eventually India will have to develop it's own market and India for large extent is a self driven market.
My concen for inda are more on the socio-politcal in nature. i worry about corruption, rule of law, income disparity and size of population.
Provided we can take care of these factors Re /- will work itself.
