A country when develops, the currency appreciates. This is a positive indication how rupee is more valued in the market now. We have seen this happenning with developed nations. But at the same time the government has to be aggressive on the exports to maintain the balance and optimize or increase the cash inflow.
RE:Lets get aggressive on exports
by chanakya maurya on Aug 06, 2007 12:30 PM Permalink
Bhrushtaachaar and junglee taxation system is adding cost to each and every transaction be that domestic oriented or export oriented.
Every step in any business is fraught with bhrushtaachaar at all levels.
Bharatvarsh is a nett importer and would ultimately benefit from a strong rupee.
Exports would not die.
Bhrushtaachaar needs to be pruned at all levels.
It starts in the North Block and percolates down to municipal peon.
RE:Lets get aggressive on exports
by Pramod on Aug 06, 2007 12:33 PM Permalink
Chine is developing much faster than India, yet their currency has not appreciated, for whatever reassons, like ours. It is rumored that if china's currency is free floated, it will appreciate by as much as 40%.
