The appreciation of Rupee is much needed, how long can we look at small timers? we need to look at India as a whole, this appreciation is not going to affect India... It would make India stronger.
India's close rival China, RMB which was 8.30 to 1 US $ is now at 7.6 RMB, thus our appreciation dosen't boast competition as mentioned by the writer of this article.
Also, govt should try to maintain this stream, only when Imports becomes cheaper, local producers will look into quality and competitive price model.
See those giants profits all have 20 to 25% Net Profit, let them reduce and try to be competitive, end of the day, END USER SHOOULD BENEFIT.
RE:India Marching towards to be a Global Power
by VIPIN sharma on Apr 28, 2007 10:45 PM Permalink
yes very true those who are having interest in stocks, for them india is only BSE. they tell those things r good for india which is good for stocks. rising rupee has more advantages then negative impacts. if managed well like giving incentives to exporters rising rupee can do a lot of good for india.negative is only export and if government will have a will it will be sorted out. very few advantages cheaper oil means lower inflation cheap import means gov can increase import duties hence increase in reveneu we can buy more MNCs at lower price will become difficult for a hostile takeover of our companies. whatever we want to iport at cheaper price will be available. list is very long. U also can think if think like an neautral person and in the interest of INDIA. ofcourse we all should be with exporters to not let them down.
RE:RE:India Marching towards to be a Global Power
by balaji vasudevan on Apr 29, 2007 10:03 AM Permalink
I CANNOT AGREE WITH ANY THEORY ON INFLATION, RUPPEE CONTROL EXTRA, WHAT EVER BEEN DONE BY CENTRAL GOV., THERE ARE AREAS WHERE CONSUMER IS BETRAYED TO THE CORE BY THE GOV and THE SHOPKEEPERS. Eg. Diff in fixing fuel prices - to compensate the election promises - colour tv, 2 rupee rice etc in South India. NOTHING IS GOING TO GAIN YOU AND ME. THE GOV. is ONLY FOR THE BUSINESSMEN - EXPORTERS & IMPORTERS AND NOT FOR THE PEOPLE. I STRONGLY DISAGREE WITH ANY SUCH MEASURES AND PROMISES BY THE GOV. LOOK AT SINGAPORE WHERE EDUCATION, BROADBAND etc are FREE. WE NEED SUCH BENEVOLENCE. WHY EVERYTIME MR. CHIDAMBARAM IMPOSING ON NORMAL PEOPLE FOR TAXES - WHY THE COMMODITY PRICES are HIGH due to introduced ONLINE PRICE TRADING & FIXING, WHY LAND & REAL ESTATE PRICES ARE HIGH. WHAT GOV. HAD DONE TO CURTAIL BLACK MONEY POURED INTO REAL ESTATE ??????
BILLIONS OF BILLION DOLLOR AKA RUPEE ( Since its appreciating JK.) QUESTIONS !!!!!
ALL INTO THE POCKET OF POLITICIANS BUSINESSMEN >.....
