Theoretically manything can be said & written butin practical terms only those exporters who are in the line try to be afloat since once the market is lost is ever lost which is known to everybody. The problem with this country is that people who are not acquainted with any particular area/process decides the course damaging everything. This authority spoils everything in India. Till now none has talked anything against the govt service people or govt run institutions whose contribution is hardly anything compared to the resources they consume from India .With a strong rupee one can take it granted that we, who have inexperience in marketing value added or branded products will be out at least on product exports which are in raw form. Any common product available in India is available at a lesser price everywhere in the world. Some sectors are boosting while others are striving to survive. The main problem is that the benefit does not reach the deserved ones. Here also the decision is taken by another who is in a glass house.
RE:rupee appreciation
by NARENDER Sharma on Aug 06, 2007 02:25 PM Permalink
Rupee need to be placed at 32=IUSD within this year ..... This will encourage IT companies to check the over growth of salaries and thus reducing cost .
There are multiple examples where IT engineers pay excessively because of high individual liquidity . Like Two Bedroom house these guys pays 18000 in Gurgaon where 1. No public transport 2. No good hospitals 3. No security 4. Excessive waterlogging. 5. Excessive Traffic conjession.
If the salary of these guys comes down by 30% we can expect lower rentals atleast.
I will add my observation about the regular 'IT' guy. While most commoners who unexpectedly come into good fortune would retain some degree of judiciousness in dealing with new found wealth, the 'IT' upstart behaves like how a water buffalo would if let loose near a clean pond (rough translation of an old Malayalam saying) that is meant only for drinking from.
That the average 'IT' guy is just another mediocre product of India's educational system and that his fortune is entirely due to the appearance of a very big opportunity in a growing economy and has nothing to do with his aptitude (of any kind) or intellect is also reflected in the manner he spends his gilt edged pay packet.
Not for nothing is India dubbed the world's 'IT coolie base'.
