Due to rise in ruppee, our imports have become cheaper. due to which our local domestic industrial products can not compete with the chinese products. Chinese products have now become cheaper by 10%. This would result in the slow down of Indian industry growth and new job potential will also be reduced. In the other hand, there is no control of indian govt. over the metals. Steel, which is the major commodity in the iron and steel industry, is rising. But if we see the actual scenario, steel prices has reduced in other markets and it will be furthur reduced due to dollar weakning, but result is totally opposite. Big houses, instead of reducing, they are increasing their prices.
