In order to bear the burden of stronger rupee , exporter should try to use overseas products as their raw material and need to focus more on value addition.
1. IT sector really needs to work on the salary structure of the employees ... 2. Now-a-days call cantre salary is even more than engineers serving in the core sector companies like Reliance Energy etc. Even an MBBS doctor does not earn more than 20 K per month on employment in Govt. Job whereas person of his age earns more than 25k being in Call centre Industry. 3.Even arts graduates manages more salary compared to good engineers . 4.Rupee need to be placed very competitive to USD . This will help us for reverse brain drain thus effective and innovative people need to stay in India . 5. 90% of Engineers from IIT , NIT and REC's goes outside India for merely non value added activities . Only reason is higher conversion of currency . These institutes account for 15000 Top brains . What remain with India . The B-Segment Engineers who does not contribute much in terms of innovation .
6. How many patents People of Indian origin have . Even In abroad good engineers also work in non value added activities .
Thus my dear friends our companies need to focus on Innovation not on making huge profits on account of Cheaper manpower.
Take a case of Reliabce Industries : How much they spend on R&D Activities ... its less than 300 Crores , in a turnover of 100k crores plus .... That too for
