I don't know how a business school Dean can say things like this, as it is logically incorrect. For example, the japanese carnakers did change the strategy and infact initially they did incur some loss in profit during appreciation of yen. The point is, the two sectors are poles apart - IT and Automobiles. for example, a consumer will buy a car not based on cost but based on quality, reliability, engineering, gas(petrol) economy etc. on the other hand, the entire IT industry works just based on difference in currency, the moment the Re becomes stronger, the Call center profits will go down, no longer the IT BPO will get outsourced jobs. It will definitely have a domino effect, the salaries of the IT, Call center workers will go down, naturally calling for a low currency floatation in the market accounting for a sudden stop in the growth of the economy...again causing a depreciation of the rupee. However, then the scenario will be different, in the meantime, the outsourcing jobs would probably move to other countries such as malaysia, thailand, vietnam, etc. And because of that the chances that after the depreciation of rupee India will get its jobs back are miniscule. The exporters do have to worry about the strong rupee, cause they can not ask the importers to pay more for the products which can otherwise be bought from neighboring countries such as bangladesh, pakistan, sri lanka, etc.
So in short the STRONG RUPEE will have DEVASTATING EFFECT on INDIAN ECONOMY!!
