Let me ask a question first.
What type of economic strength is preferable to India?
A) A strong Indian economy fueled by its cheap labor due to a weaker rupee against dollar, where the Indians end up working in shifts, late nights, whole nights and what not only doing low profile jobs which foreign companies want to offload to India, so that they can concentrate on high end works and become even better. For instance in IT field, providing BPO services, support and maintenance work for products
OR
B) A strong Indian economy fueled by its strong innovations and products, no matter whether the rupee is strong or weak against dollar.. where Indians work only in regular office hours of 9 to 6, developing cutting edge technologies and solutions, selling our world class products both inside and outside India. For instance in IT field, imagine operating systems, compilers, databases etc all coming out of India..
I do not deny the fact that the IT boom in India came to a large extent because of (A). Well and good, we have had the benefits of our cost being cheap in western markets due to a weak rupee against dollar.. We have had our share because of this advantage in the past 2 decades..
But at the same time doesn’t it make sense to move towards (B), instead of crying foul against rupee becoming stronger against dollar?
What a pity! Indian IT companies are feeling bad because rupee is becoming stronger against dollar! Reason, their profits will go down when the value of rupee is stronger, as every single dollar that comes into their account now means lesser rupee than earlier..(if for instance earlier they used to get 47 rupees for every dollar that comes in, but today its about 40!)
But isn’t this a matter of celebration? Our rupee is gaining importance internationally and is becoming stronger again.. How many of us know that in 1947 when India got independence 1 Rupee was 1.2 US dollars?
These Indian IT companies instead of relying on a weaker rupee for their profit should now look at coming out with innovative products and technical solutions. What have these companies done in the arena of core system products? Why don’t we have any operating systems, compilers, database systems, development platforms etc coming out of India? Why don’t we develop tools like photoshop or flash? We have talent, but they all are working in American companies on these products.. Cannot our Indian IT companies setup at least small teams to develop such products?
Instead they are planning to make their employees work on saturdays too ! So that their profits can increase due to extra hours the employees put in.. As if India doesnt have any other option other than cheap labour, workaholic labor!! Are there no brains in India who can setup companies developing products and make money just by printing out more serial numbers and burning their product DVDs?
If Indian companies continue to depend on its weak currency, then how would Indian economy survive in a world where all currencies have equal value? Survival of the fittest.. Only greater innovation can help us in that case..
We need to have knowledge and technological advantage if India wants to become a superpower, not low cost based cheap labor advantage! Let the Chinese do it..
I hope that rupee becomes more and more stronger so that Indians are forced to use their brains and come up with innovative products and next generation technologies, than to provide low end services
We need to create a situation where other countries line up to buy our F-16s, to buy our operating systems, to buy our mobile phones and I-pods, to buy our Boeing, to buy our Mercedes
A stronger rupee means we can easily afford foreign trips! This is what I wrote in one of my earlier blogs
A stronger rupee means Indians can buy things anywhere in the world on par with developed economies! We dont have to spend crores of rupees then to buy a Boeing! We don’t have to pay tens of thousands of rupees for international air travels! A stronger rupee means greater international exposure! There wont be a difference between buying a Maruti and buying a Mercedes! One can go on a trip to the Grand Canyon just like the way one goes to Ladakh or Nepal ! How do you think american citizens are able to tour all over the world? Because they earn more? No. But because their currency USD is stronger.. and this is where a strong rupee will lead us to!
I am not saying providing low end services is wrong .. It gave us a very good start in the 90s. But that should definitely not be the bread and butter fueling our economic boom indefinitely in the future.. For the simple reason that it can’t continue to do so any longer.. other low cost destinations, cheaper than India are already coming up in the world Let us move ahead become more innovative.. the journey has just started This is just the beginning of all the beginnings
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Yes Vineeth
I completely agree with you. WE have to change things. WE have to architect the future of this country and planet.
Like Gandhi said ‘Be the change you want to see in the society’!
All the best to all of us
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Hello Gurudev & Members,
I had been an avid reader of most of the blogs posted by Gurudev..Dude,you really are kicking those grey cells out in each of us..
I agree that I don’t read all the articles but I was able to easily sift through the contents and still get a gist of it.. For the last 3 months, I had been a silent reader of this particular topic.. There had been very thought provoking discussions, links on whats going to happen, whats not going to happen and so on.. there are solutions also from some members as to how India should be and what the government needs to do.. whats the reason for US $ getting weaker and why some of us dont like rupee becoming stronger (I am still puzzled to comprehend why some of the members dont want to see a stronger Indian rupee
)
Anyways, thats not the point what I am trying to make.. Instead of hoping for others(like governmentUS he ministers etc) to change and create the model of India(in the true sense)or say come up with innovative products( fair enough if there are talented people out there who can do that as Gurudev suggested), why cant we do things that under our control??? Like the suggestion from Mahmood…100rs by say 50 folks..5000rs is more than sufficient to meet the educational needs of 30 kids in govnmnt schools for a month..and believe me, there are many, many such kids who badly needs help,if you can provide them..
small drops of rain makes a big ocean.. its gud to go with the final dream in mind, but it all happens with the first step..To quote from my own personal experience,myself and couple of my friends(working in different IT companies) started something like this 2 years back and now we support close to 3 homes and caters to the need of 20-30 scholarship requests a month.. It wasn’t easy and there were many who were preaching high but when it came out to be actions, u couldn’t find the preachers any more..
So all that i am trying to say is instead of worrying what govrmnt can do or coming up with innovative ideas(plz dont get me wrong here,,we need to dream and have the ideas if India is going to be self depenedant.. no denial on that..but thats a long term goal.. u cant just have an innovative idea and implement it straightaway), do your part in whatever small ways you can.. Its YOU that can change the course..and when each of us are able to make that choice ..of being able to respond rather than passing the bucks… then we would see a new india coming up.. where synergy exists..
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Kasi
Yes you are right.. only we need to ensure that our industries like IT sector remove their dependency on weak currency for profits and get more innovative
amreekandesi
yes a very lot optimistic expecting all Indian youth to give in their more than 100% for the cause
We have to use the word “”impossible”" with great caution!
Yes, the current IT model has served its purpose.. but is now about to expire, and we need a new model.. a bit more innovative this time..
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Nice post. A bit too optimistic..but yea someday India will get there.
And yes, for now our IT companies need to change their focus somewhat. They cannot keep doing things the same way forever. Without innovation, the current model might not last too long.
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I am excited that INR is on a steady growth for the past few months by now. It is at around 39 Rs per Dollar. I was hoping to see it go upto ~35 by this year end. Hopes still alive!
Well Done, India!
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Thanks ursri for a wonderful and informative and thought provoking link.
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Nice link ursri..
let us accelerate that 60 years to next 5-10 years, I am running out of patience
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Dear Mahmood
Thank you and Gurudev for your feedbak.
I happend to watch part of CNN IBN special program on “”India and Next 60 Years”" yesterday -the 15th Aug.
Participant were Mittal, Mukesh Ambani, Azim Premji and a Central Minister(forgot the name).
Link: http://www.ibnlive.com/videos/46913/.html
Highlights
- Urban economical groth is gradually increasing but as that of rural area which constitutes highest percentage of country is just 2%.
- Agriculture is the one sector which needs attention but quite tough to implement changes.
- India is just 60 yrs young in next 60 yrs it will have a large pool of potential educated human resource also consumers.
- It was mentioned that there is a need for changing way of thinking and attitude in spite of claimed stability and growth.
- The young India needs to take opportunity of current favorable situation, take step after changed attitude in this direction.
It was summarized that “The country should be at the world head-table in next 60 years”.
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There we are ideas coming closer to reality i completely agree with ursri and dev regarding we should not allow them poor to become lazy instead we can offer interest free loans,regarding politics if we try to bash the politicians for not doing anything we are only doing good to them and it wil not effect them can any one let us know how can we go along with providing interest free loans once we accumulate money from the youth of india,and i firmly believe if educated youth start looking towards politics as career im sure it would have a larger impact in building a superpower india , initiative already taken by Times of India as they are searching for leaders from all over india.
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I agree with ursri.
Mahmood has a good intention of building a stronger India, but we need to build stronger Indians for that first.
Mahmoon my suggestion is that instead of donating the money to poor, what we should do is give this money as interest free loan to the poor, so that they can set up their own small businesses and then return it back once they are self sufficient. And then the same money can then be used to help other poor family to become self sufficient, etc
But see how governments are behaving stupidly.
The current Tamilnadu government is a dumb one, I sometimes feel how on earth can such people win the elections, while actually these candidates should be losing their deposits!
What a crappy stupid thing of saying we will gift a television to all poor houses if we win, a cheap electoral gimmick.
Government is not a charity organization. Its aim should be to make people self reliant, not make them dependent forever on the government. What about fridge? bike? car? AC, washing machine? etc
The government should instead be creating programmes and improving social health where poor people of tamilnadu will become econonomically strong and will have the buying power to buy a television on their own with their own earned money.
Stupid government and a stupid finance minister called Chidambram who supported this bribe for votes.
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Dear Mahmood
It is noteworthy that you have mentioned how to help the needy by curbing the excessive luxuries. Should we allow the person to depend on such contribution and become lazy? there are expcetions for totally handicapped /young/old/challenged ppl.
I have been inspired by many of my frnds. They made me think and work on my own to achieve my goals. Yes initial support is required. But how long can any one depend on others. It is important to wake the ppl to become independent and should be able to inspire other to follow same right path.
I think you agree with me
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Posted a reply to your article at http://krishami.blogspot.com/2007/08/rising-rupee-dollar-ratio.html. I had got it in email through a friend.
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Mahmood
I am really very happy to see your response and willingness to get things into practical mode. 100 rupees per person is a lot of money, even if it is contributed to only by those Indians in IT industry!
But then our real problem today is not money.. its ideas.. innovative ideas.. expertise.. the need to think big, aim high, dream the impossible.. a quest to achieve.. to realize our own true potential
For ex see http://hitxp.wordpress.com/2007/08/11/moser-baer-another-indian-success-story
I request every individual Indian who wants to make India a great power, to excel to the top and be the #1 in his/her field.. it might be IT or biotechnology or singing or dance or music or athletics or teaching or agriculture or whatever your field is.. Aim at becoming the #1 in that.. Dream and realize the impossible..
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Hi All,
I am back i am very thankful to guru for creating such a important and valuable blog and now when the youth of india have together on one platform discussing stronger rupee stronger India , I think its time to come out with ideas and lets c if we can make it to a end product i have seen so many times you saying we have to come with innovative ideas ie we have just identified the problem so now if we all can come together and discuss what all innovation can we do no matter in which field it can be in agriculture, IT, Infrastructure etc IM NOT much in to economics but lets try to analyse how the stronger rupee will affect the mass and how they can benefit from these as its the responsibility of youth like us to take initiative to eradicate poverty though its a tough task but still we possess the largest of biggest pardon me for the grammar youth generation though this is sidetracking from the main point but im sure its worth given a try.from my point of view if everymonth we can contribute say 100 rs thats cost of a biryani and accumulate it and create a fund for the poor and professionaly managed im sure it would make a difference in the lives of few people as i belive development should be of people along with the economy,and i put my view in front of everyone i truly belive in the power of 100 ie 100 rs per month from every youth wil make a difference but the problem is managing and seeing that the money is used for rite purpose.
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Muneer
Yes, thats what exactly I have been saying for the nth time again, if you have read the comments..
I didnt say make rupee exchange rate stronger and India will become strong.. if you read the article in detail…
I said create a environment where the Indian economy is INDEPENDENT of the rupee exchange rate, which means come with innovative products.. just like the way Japan is.. for Japan it doenst matter whether Yen is strong or weak, and thats purely because of their innovation and products.. people buy Sony products across the world no matter how costly they are..
We need to come up with similar innovativeness, than relying on a weak currency and cheap labour for our exports.. already rupee is becoming stronger due to our growing economy.. and once we have our own global product brands and free ourselves from the cheap exports.. rupee will automatically become even more stronger..
Also Inside Japan the inflation is not as high as India.. so you cant compare India and Japan in that aspect.. A stronger rupee would mean cheaper imports and bring down inflation in the imported goods section..
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Take the case of Japan,which is one of the developed countries in Asia.
1 Indian Rs = 2.89894 Japanese Yen (Courtesy http://www.xe.com)
This means that , Indian Rupees is stronger compared to the Japanese Yen?
But, Does is it mean that innovative products , technical solutions & next generation technologies are not coming out from Japan?
Does it mean that , the Japanese can’t afford Foreign trips & expensive cars?
The fact being the opposite, we need to think differently.
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What went wrong in the recent history was the loss of pride of Indianness, thanks to the western style of education which started showing everything that is west as being great and innovative and scientific and everything that is Indian as being backward and obsolete and unscientific, hiding the innovation and talent of ancient India…
Most Indians today dont even know about the glorious past of India.. I am talking about pre-colonial, pre-british India…
And this is because very rarely does our syllabus cover these things in great detail.. In science we read more of modern western innovations and industrial revolution than about ancient Indian science… A true education system should present both the extremes in great detail to the students to create an unbiased opinion in them as they grow…
In history, today children in India read more about world wars, colonialism and cold war than about the ancient Indian heritage and achievements… How many of the topics discussed about ancient India in my blog articles can one see in the school textbooks today in India??
When there is a lack of information about the greatness of ancient India.. the pride about one’s own culture and heritage would be lost.. which is what the british wanted when they introduced english education in India…
Once there is not much a student knows about his own country or heritage, and when western science and culture is highlighted, west looks more attractive.. a sense of his own country being great will be lost..
I was lucky in this aspect that I got a great schooling at home, what I consider to be the true education.. about the glorious past of ancient India.. its rich culture and scientific values.. etc which makes me really proud of being an Indian… and this pride inspires me to build an even more glorious future India… and which is why I have been writing as many things as I know and trying to tell all the Indians how great our country really is..
I am sorry to say this.. but most youth in India today really have absolutely no Idea about how great India is.. because most of their knowledge, even among those who read a lot is based on the works of colonial historians who have twisted history left and right.. Initial works of Max muller are just an example of that.. the way McCauley wanted to EDUCATE Indians about the greatness of west and the inferiority of Indian culture..
I will give you another example.. the pyramids of Egypt are being researched so much… volumes have been written on them.. every week there is one or other program on the discovery and NG channels about the pyramids…
There are thousands of material to be researched and analyzed in India.. But is it being done?? Look at the status of our ancient monuments.. except a handful of them, rest all are ignored.. I dont consider Taj Mahal to be the greatest wonder in India.. Look at the Brihadeshwara temple.. teh ajanta ellora cave temples.. the Hampi ruins..
What about the Iron pillar of delhi.. see http://hitxp.wordpress.com/2007/03/15/iron-pillar-great-ancient-indian-metallurgy/
Why are not we doing researches on the saraswati valley civilization? About ancient texts like Vimana shastra, vedic math.. the hidden knowledge in the vedas… the puranas..
All because we lack a sense of pride about our culture.. inspite of thousands of heritage sites in front of us, we still ignore them and prefer to look outside India..
If one really starts looking with an open eye, India can be easily converted into the world’s largest tourist destination…
Indian culture and heritage can attract largest number of historians and archaeologists to do research…
Physicists like Oppenheimer have found descriptions of nuclear weapons in Mahabharatha and we even today tend to push off it as a mythology.. when a text contains 50 generations of successive kings.. described in detail about the names, kingdoms, relations between them, etc when the war material has been described in so detail and depth.. where each and every event has been described accurately using planetary and star positions.. what makes one think that it is mythology and not history??
Why arent we conducting research on these subjects in a large scale effort? Try to map things and unearth the truth..
On the contrary I was surprised to see in the west.. even if their history is not really that old.. the way they preserve buildings that are just 100-200 years old was amazing.. the way they investigate into any small mystery.. for instance I read recently on how people are investigating on a 200 year old wall in one of the buildings of America where 8-10 bricks were positioned in a different manner than the other bricks on the wall!!!
All this requires a basic sense of awareness and pride about our own heritage.. See how the youth today are happy going to pubs bars and discos..
When we know for sure that we used to walk one day.. we can be confident that we can run today.. its very important to know and preserve our true history, science and culture..
I mean there are a lot more things in that.. but thanks to globalisation and internet today… atleast those Indians who are really interested and informed and intelligent..
we have greater chances of building a strong developed nation…
So my effort here is to spread the knowledge and information as much as possible.. the words for those who yet don’t know.. as a preface for the deeds that are to follow..
Coming Soon
The Rise of India…
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to extend further with simple eg : most of the people other than india (% wise) eat meat and what not…what is it in them that makes them feel so cool or dont feel ashamed of cutting animals whereas we feel the gilt or dislike…why there thinking is different than us…I dont want to say if there thinking or our thinking is right or wrong…just i feel theres something that they take very casually and we dont…i feel there GOD must not be telling them to eat non-veg.
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thanks for the explanation
My point in writing above was that I think we also have the same kind of attitude or behaviour as the west people, but what has lacked in us (may be in the past) by which we have reached the stage that we are in right now..remember we were the richest country by all factors….
Why we were always conqured / ruled by someone…there must be something which is why we indians are somewhat reluctant to take risks ( except for few exceptions )..I was actually trying to think the impossible…as where something went wrong in the past….
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Sainath
I am in complete agreement with your views.. you are absolutely right…
Since you said that you were trying to see what is the difference between Indians and the nations that are developed… I was just trying to give a part of my view on that about how attitude matters, passion for what we do, thinking big, etc..
Oh Yes, my real name is Gurudev, which is why I have a photo of mine in the blog here
Cheers
Guru
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@ Gurudev
I didn’t understand if you were annoyed by something I wrote…since unable to understand if you are trying to tell me something or speaking your mind…..or you are trying to tell me about the line “”path is unknown yet”"…..I didn’t understand if you agreed to my views or not?
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PV and Dev,
very well said..
the journey has just started.. a long way to go..
we will definitely get there as long as our sight is bang on target..
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Sainath
All that matters in life is the attitude.. the belief in self.. the enthusiasm to achieve by aiming at what others call ‘impossible’.. a look beyond one’s self, towards your society and country… and more than anything else, the passion for what you do…
There are countries like japan which import almost everything in the world for their basic necessities.. it is almost like a floating factory.. and yet see the heights they have reached.. reason?? attitude…
What is the amount of natural resources they have??
You will get a good example of Japanese attitude when you read Akio Morita, the founder of Sony in the book “”Made in Japan”", a wonderful book for enterpreuners
Countries like America are relatively very new compared to India.. just about 200-250 years old.. and yet see what they have achieved..
for instance, American attitude towards success could be found in the book ‘At Any Cost’, the book that talks about Jack Welch, the person who made GE what it is today.. another wonderful book for enterpreuners
Even in India we have a similar example.. Dhirubhai Ambani.. Tata… we need many more of them.. with a much more variety.. thats all!
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Hi Gurudev,
I was looking for something, since the thought that how the people in west are happier and have easy life than india, was going in my mind from some time. What they have (or think) in them that we indians don’t have and also about the rupee appreciation…..and came accross this blog of yours…..
The first thing came to mind when I read was
“”Speaks mind out, but the path is yet unkown “”.
I would like to add on india being stronger if we are self sufficient by an example of our Music and Bollywood..
We are self sufficient in these areas and dont depend on west for the knowledge hence we are amongst the Top in these areas in the world….similar thing is required in other areas…which i am sure slowly and steady younger generation will make way to…but sincere respected teachers and sincere respecting students are required like the old days….
I have also read other articles on your site..and are good.
Your site is really good knwoledge source…thanks for that.
Hope to see more and more information on your site and hope you dont get borred on reading and providing information.
I am also some what surprised on your name Gurudev..is this real name or given to you
Thanks and Regards,
Sainath
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I saw this hoarding on western express highway (mumbai) by one of the local newspapers displaying ..
“”Sensex crossed 15,000 points ..
When will 230 million indians cross poverty line ..?”"
That really touched me .. We have one section of the society becoming richer and one going poorer .. This imbalance will not help India . We need equality in terms of standard of life, infrastructure, financial security ..etc for everyone. I remember one of the article by GD on Pharma cos, .. and how they are minting money… Just the other I got to know that nearly 2% of india’s population goes below poverty line every year due to medical expenses incurred .. I am just wondering what is the percentage of people losing life due to no medical security.
I know its a journey .. a long journey ..but we will make it there some day .. Jai Hind.
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My 2 cents on the topic:
If India doesn’t use the new found wealth in improving it’s infrastructure & in spurring innovation, that time won’t be far away when there will be countries able to provide the same off shoring services at a lower cost than us. We need to be putting all the brilliant minds into moving towards being a self sustainable economy. Look at China. They’ve been investing the wealth they make in low cost manufacturing, into infrastructure, education & even buying chunks of US private equity firms.
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Satish Krishna
Thanks for your comments.. I am in total agreement with what you said.. instead of adhoc development measures.. we need proper planning.. and an execution of a well laid out project structure..
where all sections of the society are made to grow simultaneously and get the benefits of the development without any divisions in the society…
What is the use of such a development which can only show as big numbers in our forex reserves where as on the other hand farmers continue to commit suicides !!!
There are no real leaders who can plan and execute the “”superpower India”" dream like a professional project… so, we, the youth of this country will do it on our own..
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Oh My God!!
Andrew, now that’s a real big list
Thanks for searching the web on that! You have done a good research..
Well, America is a superpower not because all 300 million americans are brilliant people with original innovations.. but because of the top few hundred world class innovators from America..
Similarly to make India a superpower, the top few 100 would be enough!! Even if you exclude the above mentioned list of people from the Indian population there are still more than a billion people left in India
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Hey Dude,
All the best
While you are trying to build a Stronger India, see how your other fellow Indians are happily copy pasting your article as theirs!!! A simple google search for Stronger Rupee = Stronger India, gave these results to me… These are the Indians with whom you are planning to build a superpower
http://tides.wordpress.com/2007/08/07/stronger-rupee-stronger-india/
http://padmasrinivas.blogspot.com/2007/08/stronger-rupee-stronger-india.html
http://udhandaraman.spaces.live.com/Blog/cns!3C6D667AF4FEFE45!178.entry
http://sandipkakde.blogspot.com/2007/08/stronger-rupee-stronger-india.html
http://mybestblogs.sulekha.com/blog/post/2007/08/stronger-rupee-stronger-india.htm
http://ssunis.sulekha.com/blog/post/2007/08/stronger-rupee-stronger-india-time-to.htm
http://friend4al.sulekha.com/blog/post/2007/08/stronger-rupee-stronger-india.htm
http://harit.wordpress.com/2007/08/03/hello-world/
http://www.easybees.com/article_display.aspx?article_id=541
http://finance.currentsamachar.com/business3.php
http://www.humsurfer.com/iit-engineer-develops-glue-four-times-stronger-than-geckos-toes
http://www.bestofindya.com/news/story.php?title=Stronger_Rupee_-_Stronger_India__%AB_A_Rising_Tidehellip
http://www.thinkdigit.com/forum/showthread.php?p=569668
http://web-chutney.sulekha.com/
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great blog, very thouhgt provoking, thanks all for ur contribution. thanks thatskannada.com, through which i got link to this blog.
as some body mentioned about child and milk theory we cant still depend on this low end service based economy. need move forward.
After IT we went for ITES(SORT OF DOWN GRADING, FAIR ENOUGH) we shall try moving upwards.
Is it cheap labour or weak currency which made US superpower or is it the same thing which made other euro countries inspite of being completely ravaged 2 nd world war(infact british economy was so weak b”"cos war they quit us, this was one of the main reasons we got(should i say they quit) indepedence, amongst all other struggles for independence.
It is their managerial skills, ability to extract best from the great talent pool from 3rd world countries,and marketing those products devoloped by these so called talents and getting whatever price they want.
Nothing is a rocket science(those of u know who are there in these countries, about their science and maths abilities)
I work in one of these EU countries I wonder how they have achieved this devoloped country status inspite of having so much of ageold world war survivers,who work less than 40 hrs(now it is 37.5 hrs, their current target is to get it 35hrs week) a week, take off sick at their whimsies. Inspite all these things they are growing at 3% of their GDP(which is really fantastic for already devoloped economy).
If we are wondered about this we need to start observing structure of their economy, business strategies, psychological manipulations and host of other things. so that we can put stuctural and organisational changes in most of our institutions(certainly no change is needed in our institution of marriege or family value system)
We shall not blame it on corruption, though it is an hinderence, It is even higher in these countries, big economy=big money=big social problems=big corruption. better not talk about it.
coming to the point. as one of respondents pointed very fast change is always dangerous, we had better be slow.
As they say u can prediict hollywood not wall street. same applies to economics. It does not need great economic thoerist but a practical(simple) economists(see how our ullu(lullu) turned our railways in to productive one, where so many decent,educated railway ministers like T M A Pai, Dasappa and Kengal Hanumantaiah (though, i acept that, all these were very old timers) failed.
But we cant agree to this self proclaimed genieuses of IT industries to weaken our currency only for their profits sake.
Innovative People always grow out of challenges. so is greatest(maximum benefits) achievements are the product of great challenges. go ahead and do it.
Last but not the least, we are talking abt economy, innovations and infrastucture, we shall not forget investment in our social infrastucture, b”"cos the benefits outwiegh investments( eg. we need study west europian economies in the past 50 years, inspite of their laid back and limited working hrs and to make matters worse their debts incurred because of wars, they are still sustaining, investment in health, envoron ment, social securities(though it is being misused to the core now a days) are few of the reasons they are still sustaining).
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Such a vast discussion…so many ideas…india indeed could tread the path of innovation had there been enough left to lead them. The problem is far more deep rooted than a mere facade of appreciating rupee. The main problem is education. I dont have to write an essay here to explain the education system and lack of quality education centres in India. Let alone a handful of good institues in India (which lag way behind in global rankings). Indians are sharp and so they can perform better when they receive enough incentives to do so. Since india cannot give them sufficient incentives at the nascent stages, the cream moves abroad to countries like the US. India is seemingly incapacitated to harness itw own poential. The rich remain rich and the poor remain poor. The gap has become too vast to be bridged so easily. And its all due to lack of education in our good old India.
Let me also clarify that by education, i do not solely intend to refer to textual stuff, but mere awareness among the masses as well to do the right thing..and not fall prey to vote bank politics.
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ursri
I completely agree with you.. 100% with your thoughts
A good family background is very essential for social health..
A child brought up in a joint family thinks beyond him/her for the benefit of the entire family and on similar lines for the good of the entire society
A child brought up in a small family usually ends up being self centred, egoistic.. thinking only for one’s own good..
Which is why in villages of India we can see how the whole village knows each other.. helps each other etc..
where as in the cities, people dont even know their neighbours!!
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I would like to add further. I do not advocate renounced – sage life. We do can lead luxury life being self sustained. We should be able to manage personal finance, think how it can work for us. A Book named Rich dad and poor dad by Robert K. is one such influential towards financial independence on how to afford our needs using profit rather than spending hard earned money. This gives us time to take up our interests and carry invention for right cause.
We should also have strong desire and invest some time for knowledge acquisition, service to society on periodic basis. This would make one and one’s society/environment stronger and bring harmony.
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It is a wonderful experience to read through the thread. It is amazing that I am also part of such thinking.
Mr. Gurudev, the article is thought provoking. It is been circulated even in our office itseems. I came to know about the link on reading thatskannada.oneindia.com article.
I am in IT field from past 11 yrs. I have seen the family values deteriorating and current generation hardly has anything to pass on to next generation except money. So the money has become the back bone of life. It is essential but it shouldn’t be made vital element for living and winning. Dr. Abdul Kalam thinks big but never looks for his personal financial achievement if I am correct. Can we put a bench mark to our needs? Can we draw line and define what happiness is? This may answer for our apprehension what if we loose job/we are paid less?
Well, it is also mentioned about social and economical conditions to build stronger India. People may think I am of old school of thought. But I strongly believe in many of the systems like A) Joint family-for financial, emotional and moral strength and unity also a great shock obsorbers during adversities. B)varnashrama – for equal job/labour opportunity, curb imbalance due to competitions(definitely I do not support dominance of any caste) etc…
These all combined together right from a family base contributed to society’s strength in turn state’s or country’s.
It is my opportunity and my passion to learn Sanskrit – led to know from my teacher about city/town building guidelines in Vedic period. Every child of any caste trained 64 arts which includes self defence, law etc.. but they were trained by their family on their specialization. This system made India self sustained and sufficient country. That time no Europe, no US existed for our economy. Now we need to adopt these guidelines for the apply as per current situation to become self sustained and also be part of world growth.
Even Gandhiji taught us how to be self sustained eg: cloth weaving, simple living.
Interesting URL : http://en.wikipedia.org/wiki/Economic_history_of_India
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Yes Praveen
you are absolutely right.. no innovation is possible without r&d.. and r&d needs funding..
I have always been wondering.. the professors in US universities get nobel prizes.. while in our Indian universities many of the profs are given notices to have at least one thesis completed so that they can continue to be called professors!!
and about the money invested in r&d by IT companies.. they are purely business minded.. not having to really invest in research.. simply continue to rely on the west for innovation and just use the products west develops to make money..
Indian companies today like Infy, wipro, TCS etc own a lot to US companies like Microsoft, Oracle, Sun etc without whose core system software, programming languages there is no way that Infy, Wipro, TCS etc would have succeeded!
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Hi
One more thing I would like to add — I have studied in US for my Masters and I was amazed to see amount of money companies put in for research in various universities and that’s why we had huge labs all over — example –I think most of the universities here have nanotech labs and m not sure most of the engineers back in India know about this upcoming technology at all — so the point is right now Indian companies are just minting money on “”BODY SHOPPING”" — r they ready to put money in vaious technical universities for the research students to develop newer technologies?? or they just wanna earn in short span and not invest for the future?
I think most of the guys in this blog are in IT field so ask your company what have they done in this regards? let us all know how big is thier investment?
Guys I am not in IT at all but still I am concerned.
Regards
Praveen
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Chinmay, And now after seeing your comments and my email they have added a link back to my article saying the kannada article is a translation of my article.. I am really very grateful to you Chinmay for pointing this out to me.. and for the oneindia team for responding so quickly
At the same time I feel really very sad and hurt about the direction in which some of our own people are moving into.. Probably some of the readers who commented on my above article were referring to such people(who copied my article), when they said “”India can’t innovate!”"
Oh Yes, by the way, I am a Kannadiga myself.. my kannada blog is at http://somberi.wordpress.com
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Thanks a lot for pointing out this Chinmay..
I also saw your comment there.. but then after few minutes I saw that even your comment had been deleted…
I was not able to comment either..
These are the heights..
The least I would have expected was a link back from the site…
I have sent a mail to the oneindia.in team
Hope they will take action and respond on this..
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Your article has been copied by some “”writer”" and published here.. So much for the integrity of ppl..
Its in kannada tough
http://thatskannada.oneindia.in/sahitya/article/070807rupee_dollar_hegde.html
Cheers
Chin
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A really wonderful link Ram.. Thanks a lot for that!
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Check this article : http://www.business-standard.com/common/storypage.php?autono=293464&leftnm=4&subLeft=0&chkFlg= on the same lines ……
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Shrikant
If rupee becomes stronger and if we earn less, how does it matter as long as we have inflation under control.. for that less money you can buy the same things that you bought earlier for more money when rupee was weak.. because now rupeee will be strong
Yes, nobody is saying we should simply appreciate rupee and make it strong or weak.. in fact the rupee slowly becoming strong is a natural byproduct of our growing economy and we should now change direction away from low cost service oriented approach and should instead move towards innovative approaches for our economy which will remove our dependency on a weak rupee for exports…
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Divya
Thank you very much for your comments.. I am happy that, if not all, atleast there are many like you who agree with my views.. Not all 300 million innovate.. its the top few 100 people who innovate and are the ones who really have made America a big power..
so, as long as there are optimists like you I am not really worried about those who say that we cant innovate and should continue to depend on services
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Ram
Thanks a lot for letting me know about this
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Hey I disagree with the below opinion.
If rupee becomes even stronger, you will also start earning less. Today if you earn 20k, if rupee appreciates from 40/$ to say 20/$, your earnings will diminish. If 100 people are having jobs, with that appreciation, jobs will too diminish. To such a huge economy like India, where 30% Indians are below poverty line, it will be foolish to let rupee appreciate this early. 11% appreciation of rupee from $44 to $40 within a short span of 3 months has been an issue for exporters and the country. There needs to be a market correction as this appreciation is due to strong FII investment. A stronger Rupee does not mean a stronger India at this moment. But this is welcome. As any decision by Finance ministry to depreciate the rupee will put extra burden on importers/common man, and make exporters happy i.e. rise in prices of commodities. A Strong India will come with gradual appreciation in rupee over a period of time. This is a slow process and instead of depreciating the rupee, FM should as Laxmi Narayanan, VP NASCOM says, help industry by giving them subsidy, waivers, etc to help reduce their losses and encourage them to fight with the competition.
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Hi Gurudev,
I totally agree with your thoughts..Its time we move ahead and start concentrating on product development and manufacturing sector. A country’s growth can never rely on it ‘sweak currency value..its not meant to last!! It s time we Indians realise it.. We have enough Indian brains, as of today we dont have such big opportunities to showcase our innovative talents..To do the established Indian companies should begin to come out from their comfort zone of service and take risk by investing in product development ..take calculated risk and truly provide India the edge to perform and innovate along with strengthening rupee value.. A well written blog !! Its disappointing to see Indians feel bad about their strengthin currency ..Hope we move away from the myth and realize our dream for developed Nation..
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Man … U’ve just started a wild fire on the Stronger Rupee = Stronger India …. If d article was the tip of the iceberg the entire set of comments puring in are truly amazing. I’ve never had an hair rising experience while reading a BLOG, u’ve d credit for being the first ….. Way to go …
the article is in FWD mode in almost all banks now ….. used even by the wealth manager, i got your article thru HDFC bank’s RM ….
The RMs (relationship managers) of the Banks are showin it 2 their clients about Investment opportunities inside India and Y India story is still not over and will continue to remain….. This enables a gud amount of equity participation by the indian public thereby reducing the dependancy over FII’s
a sample, if 4% of indian public invest in Direct equit we dont need a single pie from FIIs …
* Direct equity (shares or thru MFs)
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Nishant,
Really liked your thoughts .. the key to success is to first think and dream big as Kalam said…
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Pavan
Instead of focusing on what new services India can offer to the world, concentrate on what new products India can offer to the world…
Think big buddy
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Nice Article Really, Wanna add some thing
Stronger Rupee: Means
More foreign acquisition by INDIAN Inc.
Cheap foreign university education (technical, doctorate, managerial etc.)
Cheap imported good quality foreign goods.
Cheap health care ( as we depends upon US manufacture technology ,drugs and machineries) for some deathly ailments.
And as TAJMAHAL is now among 7 wonders so lot of foreign tourist to visit and have to purchase now relatively expensive INDIAN goods and use INDIAN costly INDIAN catering so will develop these sector with a fast rate.
Man main vijay viswaas liye
Hum sagar-math kar aayenge
Hum viswa Bharan-poshan karke
Hum punah BHARAT kehlayenge.
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