Comments on: Stronger Rupee = Stronger India

By: Chetan

Chetan — Fri, 27 Nov 2009 10:42:29 +0000

“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..”
Superb. That would be awesome if I could buy super PCs for just 10000 rupees from cyberpower.com

By: Sainath

Sainath — Fri, 01 Feb 2008 22:36:06 +0000

Very well said Ramana, I completly agree with the points put by you…but i am not yet sure that stronger rupee is completly superficial or bogus….

Many of my friends say that due to British Raj we(indians) got english and some technology and this helped us in the current scenario and slowly we are making our mark in global market, which is true….. but i ask them this is only 1 side we think of, if we had not got english and that kind of technology…may be we would have been progressed in some different better direction may be spiritual and self developed and self confident with our own thinking….

By: Ramana

Ramana — Fri, 01 Feb 2008 17:13:10 +0000

Gurudev,
The chicken or egg first is the situation while you are solving the problem between rich and poor.
I am sure, you are all going to be upset what I am going to say but truth to be told.

The “”stronger rupee”" is artificial , superficial and bogus .

Artificial �Stronger rupee is created by off shoring. Purely off shoring nothing but off shoring and only off shoring. There is no manufacturing and no infrastructure buildup in India.. Where this �stronger Rupee� come in the picture? They say when United States sneezes India and other countries gets cold and we all witnessed last month when US stocks were shaky Indian stock market took a dive.

The IT companies like WIPRO , Infosys, Satyam limit their growth to big cities like
Bangalore , Madras and Hyderabad. How about other cities like Madhurai, Vizag , Kochin etc.. with one billion population in India how come companies are struggling to find employees in Hyderabad and Bangalore. Some times these salaries are higher than US salaries to my amazement, while second tier cities are struggling with massive unemployment. Once the knowledge and skills are transferred to second tier cities you see the decline in salaries .in the big cities which is natural.

The value of rupee is superficial because the companies that make money they are not spending any money on infrastructure. That they left to the government .
Infrastructure costs billions of rupees and if we are serious to implement it , the wealth spreads to rural Indian population ( labor force) to build that infrastructure.

The last but not least India completely ignored the funding for research and development, where once the India was cradle for basic research, produced Noble laureates like CV Raman, Chandrasekhar and equally great scientists like Narlikar, Satyandera Nath Bose, Homi Baba,.

It is more important to all Indians to be fair to the rest of the population in rural areas and caring for old and young than �Stronger Rupee�.

I do all these things because I love India , I want India to be righteous than rich,
I want India to be ethical than salesmanship and I want India to be more spiritual than
tall buildings.

By: Gurudev

Gurudev — Thu, 31 Jan 2008 15:35:11 +0000

I completely agree with you Dhanya. We need the best politicians to bridge the rich and poor divide in the system, and the best innovations from our young brains to liberate us from the risky offshoring model. Offshoring suits best for a developing economy, but as growth increases the rupee is bound to become stronger and in turn cost effective offshoring will be affected by this! So the solution is innovation and products, instead of offshoring and services.

By: Dhanya Raj

Dhanya Raj — Mon, 28 Jan 2008 12:17:59 +0000

gurudev,
I was planning to write an article on stronger rupee and was going through.. It stopped me in your article and the opinions.. I felt they are really informative. My comment is that we should not be afraid of this stronger rupee.. It is right that we might lose some of our business to China and so.. But don’t u think that those business will lack talents?. I think only the BPO and Call centers business will be a bit effected.. IT companies might lose profit but not business.. Skilled labor work will be there in India..I think should take fast steps in innovative ideas as you have mentioned. Our politicians should think about making India a super power other than opposing each and every step of development. I feel ashamed to hear politicians comments on US. India lack young brained Politicians.. We should not be slave for a weak rupee.. we should become stronger and stronger with talents as the rupee turns stronger….

By: Dhanya kannoly

Dhanya kannoly — Mon, 28 Jan 2008 12:16:23 +0000

gurudev,
I was planning to write an article on stronger rupee and was going through.. It stopped me in your article and the opinions.. I felt they are really informative. My comment is that we should be afraid of this stronger rupee.. It is right that we might lose some of our business to China and so.. But don’t u think that those business will lack talents?. I think only the BPO and Call centers business will be a bit effected.. IT companies might lose profit but not business.. Skilled labor work will be there in India..I think should take fast steps in innovative ideas as you have mentioned. Our politicians should think about making India a super power other than opposing each and every step of development. I feel ashamed to hear politicians comments on US. India lack young brained Politicians.. We should not be slave for a weak rupee.. we should become stronger and stronger with talents as the rupee turns stronger….

By: Dhanya kannoly

Dhanya kannoly — Mon, 28 Jan 2008 12:13:53 +0000

gurudev,
i had posted my comments before but made a mistake… i mean to say we should not be slave for a weak rupee.

By: Dhanya

Dhanya — Mon, 28 Jan 2008 12:12:46 +0000

gurudev,
i had posted my comments before but made a mistake… i mean to say we should not be slave for a weak rupee.

By: Dhanya

Dhanya — Mon, 28 Jan 2008 12:11:05 +0000

gurudev,
i made a mistake… i mean to say we should not be slave for aweak rupee..

By: Dhanya

Dhanya — Mon, 28 Jan 2008 12:04:08 +0000

gurudev,
I was planning to write an article on stronger rupee and was going through.. It stopped me in your article and the opinions.. I felt they are really informative. My comment is that we should be afraid of this stronger rupee.. It is right that we might lose some of our business to China and so.. But don’t u think that those business will lack talents?. I think only the BPO and Call centers business will be a bit effected.. IT companies might lose profit but not business.. Skilled labor work will be there in India..I think should take fast steps in innovative ideas as you have mentioned. Our politicians should think about making India a super power other than opposing each and every step of development. I feel ashamed to hear politicians comments on US. India lack young brained Politicians.. We should be slave for a weak rupee.. we should be become stronger and stronger with talents as the rupee become turns stronger….