« Rising Oil Price: The Answer Lies in Africa? | Main | Young Child Doctors in Indian Villages »

Nov 6
Strong Rupee: Export vs Import

Indian rupee has risen by over 10 percent in this fiscal year so far. Recently, Moody’s corporation, the USA based credit rating company, has revealed it in a report. This rise in rupee has been beneficial for the import sector companies as they have to give less money while importing goods. However, it is creating some problems for the export sector. India rupee is becoming strong and it reflects the condition of Indian economy.

India’s export sector is far behind than import in terms of the contribution to GDP. Export contributes around 15 percent to India’s GDP. According to Moody’s, lack of adequate infrastructure is the main problem for Indian economy.

The Hindu reported:

The rating agency also notes that poor infrastructure has been the main hindrance in the development of Indian economy. However, the government's plans to set up Special Economic Zones (SEZ) to boost infrastructure development and manufacturing would aid in increasing production, trade and economic growth, Moody's said.

Meanwhile, the report stated, there have been major farmer protests related to land acquisition for SEZs as agriculture still remains the primary source of income for 60 per cent of the Indian population.

 

Indian government need not to be worried about the strength of Rupee at this moment. However, the government must reassess its strategy if the export sector gets hit by a strong Rupee against Dollar.


1 Comments/Trackbacks




exporters are in trouble but raise in rupee is good in long terms

submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Rising Oil Price: The Answer Lies in Africa? | Main | Young Child Doctors in Indian Villages »

Advertise

Related Resources

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    My site was nominated for Best Business Blog!

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - International Business

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    IndianRaj is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb