this is all shit...going by that arguement one wud say highly devalued currencies are finest things to happen to any country... indian xporters at best try to out-bid another third world counterparts...again using devalued currency...and now talk abt increasing the world trade share...the indian market is relatively self-contained or self-relaint...unlike other countries who rely on imports to meet many of their essentials...its bit too complex to xplain....currency conversion is mostly an emotional or political decision...most european/ western countries command a premium no matter whether they produce much desired/ most essential goods for human living..its time india uses INR in all bilateral and international trade...or mixed basket...ultimately it is about deciding whether u want $ to buy more goods or INR to buy more goods...weak INR will not buy anything...and $, overpriced buys everything...its kinda western setup to outsource cheap goods/ raw-materials from countries like us...and other economically, militarily and politicaly vulnerable countries...actively supported by some key people in bureaucracy and some lobbyists who pitch for it to build a case...
