anildabas1701
New member
it gives us some concern..................................................
indian economy going up?????
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Dear Mr Dabas,
Things are not as simple as mentioned in the attachment you have posted. Its not only the Indian currency, even US$ has gone down against Canadian $. British pound also has gone down quite substantially. Currency going down has both negative and positive effects. On the one hand if it makes imports expensive, exports become cheaper which indirectly help India to capture markets overseas.
No doubt, drinks like Pepsi, Coca Cola are not good for health. Governments are educating public about their bad effects even in western countries. UK schools are being encouraged to serve more health foods these days and avoid drinks like Coca Cola etc. Banning a product alone is not going to help unless there are scientific studies confirming its bad effects. Ban from health point of view has to be world wide and not just country specific as it has wider implications on our trade.
Now coming to branded cloths. How does it matter what brand name you give till these cloths are made in India and sold all over the world? India earns more money by selling these cloths through established world brands. Do you think a small Indian tailor can compete these days in world market on his own?
The views you have posted, are of someone with very limited knowledge about world trade. There is no way India can become strong unless she engages with the strongest countries of the world. Shutting ourselves away from world markets is not going to help us. Let us face the world it its terms...
RK^2
Things are not as simple as mentioned in the attachment you have posted. Its not only the Indian currency, even US$ has gone down against Canadian $. British pound also has gone down quite substantially. Currency going down has both negative and positive effects. On the one hand if it makes imports expensive, exports become cheaper which indirectly help India to capture markets overseas.
No doubt, drinks like Pepsi, Coca Cola are not good for health. Governments are educating public about their bad effects even in western countries. UK schools are being encouraged to serve more health foods these days and avoid drinks like Coca Cola etc. Banning a product alone is not going to help unless there are scientific studies confirming its bad effects. Ban from health point of view has to be world wide and not just country specific as it has wider implications on our trade.
Now coming to branded cloths. How does it matter what brand name you give till these cloths are made in India and sold all over the world? India earns more money by selling these cloths through established world brands. Do you think a small Indian tailor can compete these days in world market on his own?
The views you have posted, are of someone with very limited knowledge about world trade. There is no way India can become strong unless she engages with the strongest countries of the world. Shutting ourselves away from world markets is not going to help us. Let us face the world it its terms...
RK^2
kismat.singh
New member
Very Well said Rajendra Sir. Just wanna add that Rupee hasn't just fallen against Canadian $ but also against US $ and currently it seems to have done more good for us than bad.
- Since the oil prices are much lower than Aug/Sep prices, it hasn't hit the imports so badly.
- Its helping the IT companies because most of their billing is in US $.
- It has led to some correction in stock market.
- On a selfish note, it has also helped desi bhai logs who remit money to India
RBI is keeping an eye on it and they can help the Rupee whenever they want by getting rid of some $ reserves.
Cheers,
- Since the oil prices are much lower than Aug/Sep prices, it hasn't hit the imports so badly.
- Its helping the IT companies because most of their billing is in US $.
- It has led to some correction in stock market.
- On a selfish note, it has also helped desi bhai logs who remit money to India
RBI is keeping an eye on it and they can help the Rupee whenever they want by getting rid of some $ reserves.
Cheers,
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