The exporting company are showing there disappointment since they they think there profit is sinking due to rupee appreciation. Do they ever thought in long term....
When rupee is stronger say 1 dollar = 1 rupee, its advantage india. since the major input to any exporting industry in india is oil based be it plastic, textile, agriculuture, when the cost of the oil is like Rs 60-70 per barrel..
obvisouly the final cost of the product is reduced...... its a common sense......
its like importing cheaper oil and supply cheaper or at competitive price..
As a developing nation we should think in broader way not think of only exporter or IT field.......
RE:Strong rupee
by philip xavier on Jul 25, 2007 12:02 PM Permalink
Mr. Kumar you are very optimistic.
Do you have any idea of the Salary in US?? Its an average of $2000 PM. Dont think that your salary is going to be Rs40000 when 1Rs=1$ your salary may go down by the same ratio.
