First to clear one thing, these stupid article writers won't consider both positive and negative impact of the issue. Author has stated negative impact I am telling positive impacts
1. It has easened the Loan that we have borrowed from the west i.e 130-150 $ billion atleast we can pay some of the amount. 2. We can Purchase capital goods from USA or from west by giving less ruppes 3. Petroleum sector is major winner as they have to pay less rupees to purchase crude in dollars. 4. Petrol and diesel were cheap inflation will be within RBI Norms.
Lastly IT had party for last 10 years now if it doing not well then dont worry concentate on engg. sector
10 years before no big IT companies were there in India. Currently so many Co. has reached pinnacles. Now the scene has changed. IT Comp. crying for less profit. This is part of business.
