IT DOESNT MEAN THAT INDIAN ECONOMY IS IN SHAMBLES. IT MEANS UNSCRUPULOUS ELEMENTS ARE BEHIND THIS FALL. THE ELEMENTS MAY INCLUDE POLITICS, BINGEES OF BLACK MONEY OF DIFFERENT SECTORS, INCLUDING SOCIAL, RELIGIOUS, POLITICAL AND ECONOMIC SECTORS, NATIONAL AND INTERNATIONAL.
currency depreciation against a particular medium of exchange is not a one sided monster.It brings with it enormous benefits also
Imports will be costlier and given that indians have been recklessly importing and investing abroad , this increase in dollar price will bring discipline
We will think twice before we buy a imported stuff.
corporate will hesitate to takeover junk companies abroad.a la Corus.
The whole beneficiary of rupee stability has been foreign companies and when they fear loss of market they are crying wolf
But for Indian purchase of gold , the mints would have been closed down.--700 Mts is not a small number in gold trade.We imported 4 times the production of Barrick Gold ,world`s largest gold mining company.
When their sales is affected they will raise hell
Fellow Indians do not go by what media is saying. .DO not take my word as gospel
All I am saying is use your intelligence and form a opinion
It`s the best gift of UPA partly because of the ineffficieny of the Govermnent coupled with highest levels of corruption amid useless oposition bjp for blocking most of the important issues from discussion inside the parliaments.