This professor does not know anything about exchange rate. Indian economy is not doing well, it is obvious from the balance of payments deficits and particularly balance of trade deficits. Only the remittances of NRI is keeping India floating along with massive amount of short term deby India is pilling up. This is the reason Rupee is going up, just like Thailand in 1998 just before the collapse. China is keeping its currency at a very low level, so it is possible to keep a currency at a low level to capture all the markets of the world what China is doing. India is stupid China is clever. Do not go to USA to study, you get these type of stupid professors. You will learn nothing but will get a MBA, who cannot read a balance sheet. This is American education where a President cannot spell his mother tongue does not know any grammer of English although he got MBA from Harvard.
RE:This professor is a stupid
by Gautam De on Oct 04, 2007 09:02 AM Permalink
Mr. Bose. What the writer wanted to tell is what Indian companies should do with an appreciating Rupee. He did not analyze much whether the hike in Rupee is artificial. China is a very peculiar country. Few people have ALL the power to do anything they like - unlike India. India should not follow China. Instead India should improve both fundamental and applied research to a great extent (may be with US universities help). That would help us have our own products and policies. Finally, while advising people, please do not forget manners and gentleman's behavior - that is also Indian!
RE:RE:This professor is a stupid
by yvaraprasad prasad on Oct 04, 2007 07:32 PM Permalink
i agree with the coments given by the counterparts about that stupid professor. it is sure that in the world market china will have greater hedge against india.
RE:This professor is a stupid
by DINESH BABU on Oct 04, 2007 08:10 AM Permalink
Every one things that rising rupee only affect It sector only. It affect our export from agriculture to textile. I am now in a foreign country and buying onion exported from India 1.8$/kg in the market. If rupee equals say US$(1US$=1 rupee), then the country importing onion should pay 70$/kg and for what rate they will sell in their market? How they import from India? Same way no FDI will come to India. With rising rupee the local production cost should come down.ie.the onion shuld available for 1Rupee/kg. This is for example. And also NRIs will be badly affected. For common man it is not going to create any differnce unless local price is reducing. So dont guess strong rupee as an indication of Indian Economy. lot of other factors to consider.
