Look at the plight of vast majority of expatriate Indians working in the Middle East. Our meagre salaries were just not sufficient and were not able to keep pace with rising cost of living in India. Coupled with the effect of rising rupee, we are just left with no hope for future. Miserable days are ahead.
RE:It is really making us very poor!
by second timer! on Jul 29, 2007 04:03 PM Permalink
Hey Arun, Think of it this way - for years you and your fellow ME/Gulf workers have enjoyed a fantastic lifestyle while we back home have had to work our butts off. Now its out turn to enjoy that same lifestyle. So while I feel sorry for you, I do not sympathise at all. If its really that bad for you, get your act together - prove you arent just mediocre second raters and come compete with us on Indian soil. Sincerely, Rahul
RE:It is really making us very poor!
by vikas nahata on Jul 29, 2007 08:14 PM Permalink
Rahul, U r talkin too big...u dont understand one fact, if the jobs move bak 2 the countries where it came from then wat u ll do...so dont act oversmart by rising rupee...u r lookin at govt's flaw as correct as they r not able to stop anythin as inflation, re appreciation etc... u ve to pay eventually and wud b in deep trouble if this things keep on happening...so dont feel jealous but try to think whoever is outside india he or she is also working too hard to earn his or her living....its not a bed of roses as it seems...
RE:It is really making us very poor!
by Ananthapadmanabhan on Jul 29, 2007 02:46 PM Permalink
Why do you want to worry, if Re. Appreciates? You just calculate your saving potential per month. How much you can able to save, that is more important rather than looking at macro economic factors.
Rupee is rising only because of Market dynamics.
Currency fluctuations are common in the modern economy.
