First to clear one thing, these stupid article writers won't consider both positive and negative impact of the issue. Author has stated negative impact I am telling positive impacts
1. It has easened the Loan that we have borrowed from the west i.e 130-150 $ billion atleast we can pay some of the amount. 2. We can Purchase capital goods from USA or from west by giving less ruppes 3. Petroleum sector is major winner as they have to pay less rupees to purchase crude in dollars. 4. Petrol and diesel were cheap inflation will be within RBI Norms.
Lastly IT had party for last 10 years now if it doing not well then dont worry concentate on engg. sector
10 years before no big IT companies were there in India. Currently so many Co. has reached pinnacles. Now the scene has changed. IT Comp. crying for less profit. This is part of business.
RE:Positive Impact of Rupees Appreciation
by Udhyakumar N on Jul 26, 2007 08:34 AM Permalink
Totally agreed! But when you see the difference between your ( ve) points and the article's (-ve) points, it is very clear that benefits and losses have targeted very different communities. No poor farmer or daily labor is going to buy stuff from USA, but they are definitely concerned about drop in the rate of their crop produce and loss of jobs in the garment industry. You are right about the fact that there are winners and losers when market changes. Unfortunately, this change has more unpleasant influence on poor labors and farmers.
RE:RE:Positive Impact of Rupees Appreciation
by nagesh nagesh on Jul 26, 2007 09:22 PM Permalink
Well Said Uday Kumar, coming to the point, I am very much concerned about the farmers and workers who are losing jobs.
RE:Positive Impact of Rupees Appreciation
by hellavauser on Jul 26, 2007 08:26 AM Permalink
dude...whoever u r...dont think theres something specific to IT companies...its a factor which affects everybody in india...just dont show ur vent if you cud not be in some particular industry...even for the industrial or the service industry, nobody wud want to buy a costlier product...u just dont get it..do u?
