100% correct, I was in India few days back and bought a half sleeve shirt for 2400 Rupees which is close to 50-60$ at whatever rate you apply. I can get a much better "QUALITY" shirt in US at this price even though it might be made in China the quality will be excellent.
What about the billion of dollar worth loan which Indian firms are paying back at a much lower rate to US??
Those who are crying foul should also disclose the margin at which they made profit.
Hard to understand why a profitability drop is beign spoken about at %'age how about the overall import as well and cost of mandatory goods.
