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RE:RE:REDIFF has a conflict of interest!!
by Natarajan Vijay on Jul 26, 2007 09:42 PM

Why would we want to export more than import? When you go grocery shopping, do you pay Re10 to Re5 value of goods? Imports is what we consume, exports is what we pay for what we consume. When imports are greater than exports, it means that foreigners are using Rupees to buy Indian stocks and bonds instead of Indian goods i.e. they are investing here, which is good. Investment creates jobs and causes the economy to grow.

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Re rise may extract Rs 1 lakh