This article seems to have been written by a man who has been bitten by export problems.The article would have been better if it would have shown the positive impacts.
IT companies are making money and a reduction in profits should not be a problem,until and unless they make losses.They are the main cause of inflation.
The savings generated to the tune of 10% on fuel bills by the govt is a super plus saving atleast 17000 crores.
It is high time that the govt stopped subsidising the exports and let the industries stand on their legs.Now we will know the worth of our industry.
As far as jobs are concerned india is in a progressing mode with still lot to do in all sectors including infrastructure (IT also),I only feel that we would require further more manpower in the future.
Why be so sad if the apreciating rupee takes care of inflation.Take a bag and go to the market and see how inflation is killing people.(Atta Dal ka bhav Malum Karo).
Falling interest rates in the housing sector could be a great advantage to the common man.
Let market forces take care of the Rupee and let RBI mind its own business.
