Dear friends, It seems many are using the blogs to abuse others, instead try to look into the merits and demrits associated with appreciation. First thing how rupee appreciation is affecting the common man life. Our concern must be this, whether one live in india or abroad doesn't matter. As a common man wht profits we are gettign ruppe is appreciating, which is attracting the global millionaries, by which the middle class is not getting oppurtunity to do or start a business. 20% of indian population and there families are happy because atleast one in there family is settled in abroad and earnign for them. Surely the appreciation will have adverse effects on there income. Don't think of S/W's or engineers who will get good amount in UAD. But think of labours etc who are working for 6 to 10K in gulf and other african countries. Why don't we have a look at china, it has almost 10 to 20 fold dollar investment, eventhen they are trying to make there economy stable. Which is giving global competativeness and and increase income for people, and increase jobs. Rising economy is a boom if the governemnt can actually take care of people, and decision makers are real intellectuals.Where as in india decisions will be driven my most corrupt individuals or unqualified.
So in no way rupee appreciation is benefitting to a indian commom people. So please stop saying india rising, but try to understand what benefit a common people is getting in their daily livinghood.
RE:Rupee Appreciation
by Chola The Greatest in the Universe on Jul 30, 2007 09:35 PM Permalink
Though we can understand your narrow outlook from the viewpoint of a family who is hosting one NRI! But country's overall improvement depends NOT only on Software success. Rupee appreciation is because of local factors coupled with non-performing USD. You can subsidise USD so that some exporters can make more profit every quarter.
Indian companies can acquire more foreign companies with more USD in their hands(cheaper to acquire). They must start looking at the appreciation from business oppurtunity.
RE:Rupee Appreciation
by vishal gupta on Jul 31, 2007 11:29 AM Permalink
I feel like laughing on your comment, dear....and it seems you have no knowledge of economics as such forget the world economics you dont have the basic knowledge of it. First let me know from where did you get this figure that 20% Indian families are hosting there one member in foreign land...i think you have someone of your dear family member their in US... neways let it be... now let me tell you it is not that rupee is rising but it is the non-performnance of dollar and it is not only against but if you compare it with any major currency of the world dollar is going down...ok then it is benefiting india in many ways the imports are getting cheaper and the fiscal deficit(I dont think you know the meaning of this term) is falling... just for handful number of exporters you are feeling so much ...
RE:Rupee Appreciation
by avinash khairnar on Jul 31, 2007 02:19 PM Permalink
Have U thought of rest 80% people who have to live and work in India ?. I think It will be great that our Rupee Value rises. and therefore our purchasing power will rise.
