In the next two decades, we will see the world change from being Dollar-centric and English-centric to a multi-polar one. We are in the initial stages of this transition. Dollar will go up and down but over the long term, the Dollar Illusion will fade away.
America and the Dollar Illusion http://www.spiegel.de/international/0,1518,440054,00.html A SUPERPOWER IN DECLINE http://www.spiegel.de/international/0,1518,439766,00.html
Indian IT companies need to tread carefully, especially with their man-power costs. I am sure most of them will adapt and survive.
Rising rupee is unpalatable to NRIs (I being one of them). Behind all the scholarly arguments put forth, there is this personal apprehension about the erosion of the gap between NRI and Resident Indians and the loss of that materialistic respect he commands today.
