Appreciation of Rupee means disaster for Indian exports when India is having very serious deficits in both balance of trade and payments. Only the remittances of the NRI is helping India. The situation is not very different from that during the years under Rajib Gandhi: very high growth and then collapse.
RE:Be Afraid
by oommen john on Jun 19, 2007 06:31 PM Permalink
Hah Hah. Yes rajib who! Well, may he is the brother of Rajiv Gandh. living somewhere in a village in Amethi! And do we have a future Prime Minister!
RE:Be Afraid
by Hopes Consultancy on Jun 19, 2007 06:31 PM Permalink
Its wrong perception. But yes if govt does not work on fuelling local demand unlike Rajiv Gandhi we may collapse even with high ruppee rate. Only way to grow is CREATE HUGE LOCAL DEMAND.
