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RE:Rupee rise
by Dontharaju RaviChandra on Jul 25, 2007 09:59 AM

What about the lay offs that might occur in the IT industry? Wouldn't a common man be affected? The IT industry has a very big work force, with the major companies having more than 50k employees each. The common man would suffer in a situation like that. Premjis and Murthys have enough money to keep them and their children happy for ages! If Indian exports decrease then its the common man who would loose. Small scale industries which depend on exports would be affected badly. Just because owners of big companies are gonna frown, that does not mean the common man will have a laugh. Think rational. Growing rupee is definitely a good sign, but how long can we offer our own goods to ourselves? Gradual increase or decrease is acceptable, but a sudden change can lead to dangerous consequences...

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The above message is part of the Discussion Board:
Rupee rise: How you are affected