One should expect the Rupee to appreciate further in the coming years, maybe to the tune of 5% -7 % per annum.
With this, the Indian industry will be forced to become more innovative and export more value added stuff rather than low value products and services.
Moreover, it will be easier to import technologies and apply on a large scale in India.
It is a fact that the export companies have been massively subsidized at the cost of the rest of the country. It is high time that they become more productive and seek less sops and incentives year on year.
