The Rupess hit 50.12 against the dollar. What does that mean? You are going to be sorry if you already did not manufacture it in India, meaning: You go to spend more for things you imported!

But can this also be a good time in disguise to promote Indegenious productions?

India being sort of well insulated from the global turmoil could use this period to catapult itself.. But since this is an election year, the fact the India has not been hit bad and the though that India’s GDP will continue to hit a growth of 6-7% is hardly believable when countries like Japan are recording a 46% dip in exports. So that begs the question whether the figures being quoted are legitimate!!!!

But i should leave it to the better judgement and understading to the economic minds to dissect that thought! ;0

Filed under: Politics